Published on 11/30/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.22 million 0.25% notes linked to bond ETF, Dow, Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Nov. 30 – Citigroup Global Markets Holdings Inc. priced $1.22 million of 0.25% market-linked notes due May 26, 2022 linked to a basket consisting of the Dow Jones industrial average with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the iShares Core U.S. Aggregate Bond ETF with a 33.33% weight, and according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the average basket return is positive, the payout at maturity will be par plus 110% of the average basket return. If the average basket return is zero or negative, the payout will be par.
The average basket return will be the average of the basket’s returns on the 22nd day of each February, May, August and November during the term of the notes, beginning February 2017.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying basket: | Dow Jones industrial average (33.34% weight), Euro Stoxx 50 index (33.33% weight) and iShares Core U.S. Aggregate Bond ETF (33.33% weight)
|
| Amount: | $1,223,000
|
| Maturity: | May 26, 2022
|
| Coupon: | 0.25%, payable semiannually
|
| Price: | Par
|
| Payout at maturity: | If average basket return is positive, par plus 110% of average basket return; if average basket return is zero or negative, par
|
| Average basket return: | Average of basket’s returns on 22nd day of each February, May, August and November during term of notes, beginning February 2017
|
| Initial levels: | 19,023.87 for Dow, 3,044.33 for Euro Stoxx 50 and $108.56 for ETF
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17324CC53
|
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