Published on 12/14/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.59 million buffer securities linked to index basket
By William Gullotti
Buffalo, N.Y., Dec. 14 – Citigroup Global Markets Holdings Inc. priced $1.59 million of 0% buffer securities due Aug. 12, 2027 linked to an equally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index, the Russell 2000 index and the S&P 500 index.
The notes are guaranteed by Citigroup Inc.
If the basket return is positive, the payout at maturity will be par plus the basket return.
Investors will receive par if the basket falls by up to 25% and will lose 1% for each 1% decline beyond 25%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying indexes: | Euro Stoxx 50 index, Russell 2000 index, S&P 500 index; equal weights
|
| Amount: | $1,594,000
|
| Maturity: | Aug. 12, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus the basket return; par if basket falls by up to 25%; 1% loss for each 1% decline in basket beyond 25%
|
| Initial levels: | 4,208.3 for Stoxx, 2,220.205 for Russell, 4,667.45 for S&P
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 14
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17329UTV3
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