Published on 5/20/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.27 million leveraged market-linked notes on Dow, Russell, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, May 20 – Citigroup Global Markets Holdings Inc. priced $1.27 million of 0% market-linked securities with leveraged upside participation and contingent downside due May 4, 2026 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 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% of any worst performing index gain.
Investors will receive par if the worst performing index falls by up to 30% and will be fully exposed to the decline of the worst performing index if it falls by more than 30%.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities with leveraged upside participation and contingent downside
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average
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| Amount: | $1,271,000
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| Maturity: | May 4, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any worst performing index gain; par if the worst performing index falls by up to 30%; full exposure to losses of worst performing index if it falls by more than 30%
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| Initial index level: | 2,295.456 for Russell, 34,060.36 for Dow, 13,970.21 for Nasdaq
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| Threshold level: | 1,606.8192 for Russell, 23,842.252 for Dow, 9,779.147 for Nasdaq, 70% of initial levels
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| Pricing date: | April 29
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| Settlement date: | May 4
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
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| Fees: | 3.49%
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| Cusip: | 17329F6M1
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