E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/2/2020 in the Prospect News Structured Products Daily.

New Issue: Citi prices $1.52 million 0% upturn securities tied to Dow, S&P

By Sarah Lizee

Olympia, Wash., April 2 – Citigroup Global Markets Holdings Inc. priced $1.52 million of 0% upturn securities due March 28, 2025 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 230% of the gain of the lesser performing index.

Investors will be exposed to any losses of the lesser performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Upturn securities
Underlying indexes:Dow Jones industrial average, S&P 500
Amount:$1,518,000
Maturity:March 28, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 230% of the gain of the lesser performing index; 1% loss per 1% decline of the lesser performing index
Initial levels:21,200.55 for Dow, 2,475.56 for S&P
Pricing date:March 25
Settlement date:March 30
Underwriter:Citigroup Global Markets Inc.
Fees:1%
Cusip:17328V3D0

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.