Published on 12/10/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $390,000 contingent market-linked notes on Nasdaq, Russell, Dow
Chicago, Dec. 10 – Citigroup Global Markets Holdings Inc. sold $390,000 of 0% market-linked securities with contingent fixed return and contingent downside due April 6, 2026 linked to the worst performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 48% if each index finishes at or above its initial level.
If the worst performer finishes below its initial level but not below its 70% final barrier level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
Citigroup Global Markets Inc. and Wells Fargo Securities are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities with contingent fixed return and contingent downside
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
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| Amount: | $390,000
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| Maturity: | April 6, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 48% if each index finishes at or above initial level; if worst performer finishes below its initial level but at or above final barrier level, par; otherwise, full exposure to decline of worst performer from its initial level
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| Initial levels: | 33,066.96 for Dow, 2,195.796 for Russell, 12,896.53 for Nasdaq
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| Final barrier levels: | 23,146.872 for Dow, 1,537.0572 for Russell, 9,027.571 for Nasdaq; 70% of initial levels
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| Pricing date: | March 30
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| Settlement date: | April 5
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities
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| Fees: | 3.62%
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| Cusip: | 17328YVE1
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