Published on 2/18/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.33 million market-linked notes on Citi Radar Excess
By Taylor Fox
New York, Feb. 18 – Citigroup Global Markets Holdings Inc. priced $3.33 million of 0% market-linked notes due Jan. 31, 2028 linked to the Citi Radar 5 Excess Return 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 105% of any index gain. If the index finishes flat or falls, investors will receive par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Citi Radar 5 Excess Return
|
| Amount: | $3,333,000
|
| Maturity: | Jan. 31, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 105% of any index gain; if the index declines, par
|
| Initial level: | 232.95
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.25%
|
| Cusip: | 17328YQN7
|
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