Published on 9/15/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $826,000 barrier securities on MSCI World Dividend Growers
By Kiku Steinfeld
Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $826,000 of 0% barrier securities due June 28, 2024 linked to the MSCI World Dividend Growers Quality Select index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 1.25 times any index gain, capped at par plus 30%. If the index falls by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying index: | MSCI World Dividend Growers Quality Select index
|
| Amount: | $826,000
|
| Maturity: | June 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain, capped at par plus 30%; par if index falls by up to 20%; otherwise, full exposure to losses
|
| Initial level: | 2,526.06
|
| Barrier level: | 2,020.848, 80% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2%
|
| Cusip: | 17329FVP6
|
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