Published on 2/12/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.78 million upturn securities linked to stock basket
By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – Citigroup Global Markets Holdings Inc. priced $1.78 million of 0% upturn securities due Aug. 5, 2021 linked to a basket of 10 stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the stocks of Delta Air Lines, Inc., Estee Lauder Cos. Inc., Hilton Worldwide Holdings Inc., Huazhu Group Ltd., Las Vegas Sands Corp., Melco Resorts & Entertainment Ltd., Royal Caribbean Cruises Ltd., United Airlines Holdings, Inc., Wynn Resorts, Ltd. and Yum China Holdings, Inc., each with a 10% weight.
The payout at maturity will be par plus 150% of any basket gain.
Investors will be fully exposed to any basket decline.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Upturn securities
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| Underlying basket: | Delta Air Lines, Inc., Estee Lauder Cos. Inc., Hilton Worldwide Holdings Inc., Huazhu Group Ltd., Las Vegas Sands Corp., Melco Resorts & Entertainment Ltd., Royal Caribbean Cruises Ltd., United Airlines Holdings, Inc., Wynn Resorts, Ltd. and Yum China Holdings, Inc., each with a 10% weight
|
| Amount: | $1,775,000
|
| Maturity: | Aug. 5, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any basket gain; investors will be fully exposed to any basket decline
|
| Initial levels: | $54.74 for Delta, $195.16 for Estee Lauder, $107.80 for Hilton, $34.50 for Huazhu, $65.31 for Las Vegas Sands, $20.17 for Melco, $117.08 for Royal Caribbean, $74.80 for United, $126.16 for Wynn and $43.07 for Yum
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17327T4L7
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