Published on 7/29/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.05 million buffered basket-linked notes on indexes
By William Gullotti
Buffalo, N.Y., July 29 – Citigroup Global Markets Holdings Inc. priced $1.05 million of 0% buffered equity index notes due Sept. 21, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.
The notes are guaranteed by Citigroup Inc.
If the basket return is positive, the payout at maturity will be par plus 1.4 times the basket return, subject to a maximum return of par plus 25.34%.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered equity index basket-linked notes
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| Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $1,052,000
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| Maturity: | Sept. 21, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 1.4 times the basket return, capped at par plus 25.34%; par if basket falls by up to 10%; 1.1111% loss for each 1% decline in basket beyond 10%
|
| Initial levels: | 4,088.5 for Euro Stoxx, 1,942.33 for Topix, 7,108.00 for FTSE, 11,470.35 for Swiss Market, 7,217.818 for S&P/ASX
|
| Pricing date: | June 2
|
| Settlement date: | June 9
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
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| Cusip: | 17329FR48
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