Published on 6/17/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $589,000 enhanced barrier digital plus notes on three indexes
By Wendy Van Sickle
Columbus, Ohio, June 17 – Citigroup Global Markets Holdings Inc. priced $589,000 of 0% barrier digital plus securities due June 13, 2025 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus the greater of the return of the worst performing index and 28%.
If any index falls by up to 30%, the payout will be par.
If any index falls by more than 30%, the payout will be par plus the return of the worst performing index with full exposure to losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier digital plus securities
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
|
| Amount: | $589,000
|
| Maturity: | June 13, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of each index is greater than its initial level, par plus the greater of the return of the worst performing index and 28%; if any index falls by up to 30%, par; if any index falls by more than 30%, par plus the return of the worst performing index with full exposure to losses
|
| Initial levels: | 3,190.14 for S&P, 1,467.39 for Russell and 26,989.99 for Dow
|
| Barrier levels: | 2,233.098 for S&P, 1,027.173 for Russell and 18,892.993 for Dow; 70% of initial levels
|
| Pricing date: | June 10
|
| Settlement date: | June 15
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17328VQP8
|
|
|
|
|
© 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.
