Published on 2/14/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $6.15 million equity-linked securities on Russell, Nasdaq
By Taylor Fox
New York, Feb. 16 – Citigroup Global Markets Holdings Inc. priced $6.15 million of 6% equity-linked securities due Jan. 14, 2022 tied to the least performing of the Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest is payable monthly.
If the final level of each index is at least as great as 80% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1.25% for each 1% loss in the worse performing index beyond the 20% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Equity-linked securities
|
| Underlying indexes: | Russell 2000 index and Nasdaq-100 index
|
| Amount: | $6,150,000
|
| Maturity: | Jan. 14, 2022
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| Coupon: | 6% annual rate, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above barrier, par; otherwise, 1.25% loss for each 1% decline of worse performer beyond 20% buffer
|
| Initial levels: | 2,091.659 for Russell and 13,105.20 for Nasdaq
|
| Downside threshold levels: | 1,673.327 for Russell and 10,484.16 for Nasdaq; 80% of initial levels
|
| Pricing date: | Jan. 11
|
| Settlement date: | Jan. 14
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17328YA46
|
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