Published on 4/27/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $20 million capped return enhanced notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, April 27 – Citigroup Global Markets Holdings Inc. priced $20 million of 0% capped return enhanced notes due July 25, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par plus 3 times the index gain, subject to a maximum return of 25.56%. If the index return is negative, investors will have one-to-one exposure to the decline.
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: | Capped return enhanced notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $20 million
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Maturity: | July 25, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 3 times gain, return capped at 25.56%; if index return is negative, one-to-one exposure to decline
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Initial level: | 3,940.46
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Pricing date: | April 20
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Settlement date: | April 23
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17329FNY6
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