Published on 9/17/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.38 million barrier securities on Dow, Russell, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, Sept. 17 – Citigroup Global Markets Holdings Inc. priced $1.38 million of 0% barrier securities due June 1, 2026 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index finishes at or above its initial level, payout will be par plus 146% of the return of the least-performing index.
If the least-performing index finishes below its initial level but at or above its final barrier level, 70% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% 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.
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| Issue: | Barrier securities
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
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| Amount: | $1,381,000
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| Maturity: | June 1, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus 146% of the gain of the least-performing index; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
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| Initial levels: | 34,464.64 for Dow, 2,273.073 for Russell, 13,657.85 for Nasdaq
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| Final barrier levels: | 24,125.248 for Dow, 1,591.151 for Russell, 9,560.495 for Nasdaq; 70% of initial levels
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| Pricing date: | May 27
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| Settlement date: | June 2
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.125%
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| Cusip: | 17329FNG5
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