Published on 6/8/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $10 million enhanced trigger jump securities linked to ETF, stocks
By Wendy Van Sickle
Columbus, Ohio, June 8 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% enhanced trigger jump securities due June 21, 2022 linked to the worst performing of the VanEck Vectors Oil Services ETF, the common stock of Expedia Group, Inc., the class A common stock of Lyft, Inc. and the common stock of Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the worst-performing asset is greater than or equal to its trigger level, 60% of the initial level, the payout at maturity will be par of $10 plus the 19.55%.
If the final level of the worst-performing asset is less than the trigger level, investors will be fully exposed to the decline in the worst-performing asset from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced trigger jump securities
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| Underlying assets: | VanEck Vectors Oil Services ETF, Expedia Group, Inc., Lyft, Inc. and Wynn Resorts, Ltd.
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| Amount: | $10 million
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| Maturity: | June 21, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If final level of worst-performing asset is greater than or equal to trigger level, par plus 19.55%; if final level of worst-performing asset is less than trigger level, full exposure to decline in worst-performing asset
|
| Initial asset levels: | $223.19 for Oil Services, $177.31 for Expedia, $58.76 for Lyft, $135.61 for Wynn
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| Trigger levels: | $133.914 for Oil Services, $106.386 for Expedia, $35.256 for Lyft, $81.366 for Wynn, 60% of initial levels
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| Strike date: | June 1
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| Pricing date: | June 2
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| Settlement date: | June 7
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.64%
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| Cusip: | 17329D729
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