Published on 12/8/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $500,000 market-linked notes on Dow Jones industrial average
By William Gullotti
Buffalo, N.Y., Dec. 8 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% market-linked notes due Dec. 6, 2028 linked to the Dow Jones industrial average, 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, subject to a maximum payout of par plus 33.35%. Otherwise, investors will receive par.
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: | Market-linked notes
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Underlying index: | Dow Jones industrial average
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Amount: | $500,000
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Maturity: | Dec. 6, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, subject to a maximum payout of par plus 33.35%; otherwise, par
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Initial level: | 34,022.04
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Pricing date: | Dec. 1
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Settlement date: | Dec. 6
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.55%
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Cusip: | 17329USL6
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