Published on 7/19/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.36 million buffered index-linked notes tied to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, July 19 – Citigroup Global Markets Holdings Inc. priced $1.36 million of 0% buffered index-linked notes due March 8, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 130% of any index gain, up to a maximum settlement amount of $1,187.85 per $1,000 of notes.
Investors will receive par if the index falls by up to the 10% buffer and will lose 1.1111% for each 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffered index-linked notes
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Underlying index: | S&P 500 Index
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Amount: | $1,361,000
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Maturity: | March 8, 2023
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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 130% of index return, subject to maximum payment of $1,187.85 per $1,000 principal amount; par if index falls by up to 10%; 1.1111% loss for every 1% decline in index beyond 10%
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Initial index level: | 4,200.88
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Buffer level: | 90% of initial level
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Pricing date: | May 27
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Settlement date: | June 4
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17329FJU9
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