Published on 2/19/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.11 million geared buffer securities linked to Stoxx
By Sarah Lizee
Olympia, Wash., Feb. 19 – Citigroup Global Markets Holdings Inc. priced $3.11 million of 0% geared buffer securities due Feb. 22, 2021 linked to the Euro Stoxx 50 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 310% of any index gain, up to a maximum return of 14.3%.
Investors will receive par if the index falls by up to 7% and will lose 1.075269% per 1% drop beyond 7%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Geared buffer securities
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| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $3,113,000
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| Maturity: | Feb. 22, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 310% of index return if index return is positive, subject to 14.3% cap; par if index declines by up to buffer level; 1.075269% loss for every 1% that index declines beyond buffer
|
| Initial index level: | 3,846.74
|
| Buffer level: | 3,577.468, 93% of initial level
|
| Pricing date: | Feb. 13
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| Settlement date: | Feb. 19
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | None
|
| Cusip: | 17327T6T8
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