Published on 4/30/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1 million equity-linked securities on three stocks
By Wendy Van Sickle
Columbus, Ohio, April 30 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due April 17, 2023 tied to the least performing of the shares of Boeing Co., Marathon Oil Corp. and Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 14% per year, payable monthly.
If the final level of each asset is at least as great as 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least performing stock.
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: | Equity-linked securities
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Underlying assets: | Boeing Co., Marathon Oil Corp. and Wynn Resorts, Ltd.
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Amount: | $1 million
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Maturity: | April 17, 2023
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Coupon: | 14%, payable monthly
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Price: | Par
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Payout at maturity: | If each asset finishes at or above barrier, par; otherwise, full exposure to decline of least performing stock
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Initial levels: | $252.36 for Boeing, $10.91 for Marathon Oil, $131.39 for Wynn
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Barrier levels: | $151.416 for Boeing, $6.546 for Marathon Oil, $78.834 for Wynn; 60% of initial levels
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Pricing date: | April 12
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Settlement date: | April 15
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.4%
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Cusip: | 17329FFV1
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