Published on 9/13/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.85 million upturn securities linked to S&P, Dow
By William Gullotti
Buffalo, N.Y., Sept. 13 – Citigroup Global Markets Holdings Inc. priced $1.85 million of 0% upturn securities due June 30, 2026 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 140.15% of the laggard index’s return.
Investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by Citigroup Inc.
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: | Upturn securities
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Underlying indexes: | S&P 500 index, Dow Jones industrial average
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Amount: | $1,849,000
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Maturity: | June 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140.15% of the gain of the least performing index; full exposure to decline of worst performer from its initial level
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Initial index levels: | 34,433.84 for Dow, 4,280.7 for S&P
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Pricing date: | June 25
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Settlement date: | June 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.625%
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Cusip: | 17329FYR9
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