Published on 8/5/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.12 million dual directional barrier securities on Russell, Nasdaq, Dow
By William Gullotti
Buffalo, N.Y., Aug. 5 – Citigroup Global Markets Holdings Inc. priced $1.12 million of 0% dual directional barrier securities due Dec. 9, 2024 linked to the Russell 2000 index, the Nasdaq-100 index and 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 worst performing index finishes at or above its initial level, the payout at maturity will be par plus 106.5% of the return of the least performing index.
If the worst performing index falls by up to 30%, the payout will be par plus the absolute value of the return of the worst performing index.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Dual directional barrier securities
|
| Underlying indexes: | Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average
|
| Amount: | $1,115,000
|
| Maturity: | Dec. 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the worst performing index finishes at or above its initial level, par plus 106.5% of the return of the least performing index; if the worst performing index falls by up to barrier level, par plus absolute value of the return of the worst performing index; otherwise, full exposure to decline of the least performing index
|
| Initial levels: | 34,756.39 for Dow, 13,770.77 for Nasdaq, 2,286.412 for Russell
|
| Barrier levels: | 24,329.473 for Dow, 9,639.539 for Nasdaq, 1,600.488 for Russell; 70% of initial levels
|
| Pricing date: | June 4
|
| Settlement date: | June 9
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.95%
|
| Cusip: | 17329FT87
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
