Published on 9/9/2021 in the Prospect News Structured Products Daily.
New Issue: Citi prices $515,000 upturn securities tied to S&P, Russell
By Kiku Steinfeld
Chicago, Sept. 9 – Citigroup Global Markets Holdings Inc. priced $515,000 of 0% upturn securities due July 3, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 164% of the gain of the least performing index.
Investors will be exposed to any losses of the least performing index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Upturn securities
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $515,000
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 164% of gain of least performing index; otherwise, 1% loss per 1% decline of least performing index
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Initial levels: | 2,308.837 for Russell, 4,291.80 for S&P
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Pricing date: | June 29
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Settlement date: | July 7
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.85%
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Cusip: | 17329FV43
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