Published on 10/5/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.48 million market-linked notes on Citi Radar 5
By Marisa Wong
Los Angeles, Oct. 5 – Citigroup Global Markets Holdings Inc. priced $1.48 million of 0% market-linked notes due Sept. 30, 2027 linked to the Citi Radar 5 Excess Return 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 1.2 times any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Market-linked notes
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Underlying index: | Citi Radar 5 Excess Return index
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Amount: | $1,482,000
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Maturity: | Sept. 30, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times any index gain; if index finishes flat or falls, par
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Initial level: | 229.68
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 4.1%
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Cusip: | 17328WAA6
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