Published on 3/17/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.27 million barrier securities linked to Dow, Russell, Nasdaq
By Taylor Fox
New York, March 17 – Citigroup Global Markets Holdings Inc. priced $1.27 million of 0% barrier securities due March 10, 2026 linked to the worst performing of the Nasdaq-100 index, the Dow Jones industrial average 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 150.6% of the worst performing index if all three underliers finish above their initial level.
If the worst performer declines, but not more than 40%, 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.
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Guarantor: | Citigroup Inc.
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Issue: | Barrier securities
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Underlying indexes: | Nasdaq-100, Russell 2000, Dow Jones industrial average
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Amount: | $1,273,000
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Maturity: | March 10, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150.6% of return of worst performing index, if all three finish positive; par if worst performer declines, but not more than 40%; otherwise full exposure to decline of worst performer
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Initial index levels: | 31,496.3 for Dow, 12,668.51 for Nasdaq, 2,192.212 for Russell
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Barrier levels: | 18,897.78 for Dow, 7,601.106 for Nasdaq, 1,315.327 for Russell, 60% of initial levels
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Pricing date: | March 5
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Settlement date: | March 10
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17328YYW8
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