Published on 6/8/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $4.67 million capped airbag gears on S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 8 – Citigroup Global Markets Holdings Inc. priced $4.67 million of 0% capped airbag gears due May 18, 2023 linked to the S&P 500 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 of $10 plus 1.5 times the index gain, subject to a maximum payout of par plus 20.86%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped airbag gears
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| Underlying index: | S&P 500 index
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| Amount: | $4,666,000
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| Maturity: | May 18, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 20.86%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial price: | 4,173.85
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| Downside threshold: | 3,756.465, 90% of initial level
|
| Pricing date: | May 14
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| Settlement date: | May 20
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 17329D299
|
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