Published on 7/27/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $4.12 million capped airbag gears on MSCI EAFE index
By William Gullotti
Buffalo, N.Y., July 27 – Citigroup Global Markets Holdings Inc. priced $4.12 million of 0% capped airbag gears due July 27, 2023 linked to the MSCI EAFE 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 25.5%. 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: | MSCI EAFE index
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Amount: | $4,120,000
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Maturity: | July 27, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 25.5%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
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Initial price: | 2,298.19
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Downside threshold: | 2,068.37, 90% of initial level
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Pricing date: | July 22
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Settlement date: | July 28
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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: | 17329L721
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