Published on 11/2/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $193,000 buffer securities linked to S&P 500
By Kiku Steinfeld
Chicago, Nov. 2 – Citigroup Global Markets Holdings Inc. priced $193,000 of 0% buffer securities due July 30, 2026 linked to the S&P 500 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 any index gain, capped at par plus 45%.
Investors will receive par if the index falls by up to 10% and will lose 1% per 1% index decline beyond 10%.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying index: | S&P 500
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Amount: | $193,000
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Maturity: | July 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 45%; par if index declines by up to 10%; 1% loss for every 1% index decline beyond 10%
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Initial index level: | 4,401.46
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Buffer level: | 3,961.314, 90% of initial level
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Pricing date: | July 27
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Settlement date: | July 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17329Q4H0
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