Published on 6/3/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $900,000 barrier securities linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 3 – Citigroup Global Markets Holdings Inc. priced $900,000 of 0% barrier securities due June 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 1.255 times any index gain. If the index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Barrier securities
|
Underlying index: | S&P 500
|
Amount: | $900,000
|
Maturity: | June 3, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.255 times any index gain; par if index falls by up to 30%; otherwise, full exposure to losses
|
Initial level: | 2,802.39
|
Barrier level: | 1,961.673, 70% of initial level
|
Pricing date: | May 29
|
Settlement date: | May 31
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 0%
|
Cusip: | 17326YBP0
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.