Published on 7/8/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.11 million PLUS linked to two indexes, four ETFs
By Marisa Wong
Morgantown, W.Va., July 8 – Citigroup Global Markets Holdings Inc. priced $5.11 million of 0% Performance Leveraged Upside Securities due Aug. 4, 2017 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Citigroup Inc.
The basket is composed of the S&P 500 index with a 40% weight and the Euro Stoxx 50 index, the WisdomTree Japan Hedged Equity Fund, the Technology Select Sector SPDR Fund, the Energy Select Sector SPDR Fund and the iShares Russell 2000 exchange-traded fund, each with a 12% weight.
If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10 plus 300% of the basket return, subject to a maximum return of 14.85%. If the final basket level is less than the initial basket level, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying basket: | S&P 500 index with a 40% weight and the Euro Stoxx 50 index, the WisdomTree Japan Hedged Equity Fund, the Technology Select Sector SPDR Fund, the Energy Select Sector SPDR Fund and the iShares Russell 2000 exchange-traded fund, each with a 12% weight
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| Amount: | $5,111,000
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| Maturity: | Aug. 4, 2017
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the final basket level is greater than the initial basket level, par plus 300% of the basket return, subject to a maximum return of 14.85%; if the final basket level is less than the initial basket level, investors will be fully exposed to the decline
|
| Initial levels: | 2,102.95 for S&P, 2,883.06 for Euro Stoxx, $38.37 for WisdomTree Japan, $43.47 for Technology, $68.60 for Energy, $115.39 for iShares Russell
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| Pricing date: | July 1
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| Settlement date: | July 7
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
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| Cusip: | 22548R657
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