Published on 6/29/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $304,000 buffer securities tied to Dow
By William Gullotti
Buffalo, N.Y., June 29 – Citigroup Global Markets Holdings Inc. priced $304,000 of 0% buffer securities due June 26, 2026 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes above its initial level, the payout at maturity will be par plus the index gain, capped at par plus 50%. If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $304,000
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| Maturity: | June 26, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at par plus 50%; par if index falls by up to 10%; otherwise, 1% loss for every 1% index decline beyond 10%
|
| Initial level: | 33,874.24
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| Buffer level: | 30,486.816; 90% of initial level
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| Pricing date: | June 23
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| Settlement date: | June 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17329FXX7
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