Published on 7/23/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $365,000 barrier securities linked to indexes
By Wendy Van Sickle
Columbus, Ohio, July 23 – Citigroup Global Markets Holdings Inc. priced $365,000 of 0% barrier securities due July 21, 2025 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 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 152% of the worst performing index if all three underliers finish above their initial levels.
If the worst performer declines, but not more than 30%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Barrier securities
|
Underlying indexes: | Dow Jones industrial average, Nasdaq-100 and the Russell 2000
|
Amount: | $365,000
|
Maturity: | July 21, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 152% of return of worst performing index, if all three finish positive; par if worst performer declines, but not more than 30%; otherwise full exposure to decline of worst performer
|
Initial index levels: | 26,734.71 for Dow, 10,626.46 for Nasdaq, 1,467.564 for Russell
|
Barrier levels: | 18,714.297 for Dow, 7,438.522 for Nasdaq, 1,027.295 for Russell; 70% of initial levels
|
Pricing date: | July 16
|
Settlement date: | July 21
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 4.125%
|
Cusip: | 17328W6D5
|
|
© 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.