Published on 12/14/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.5 million 13.05% equity-linked securities on H&R, Disney, YETI
Chicago, Dec. 14– Citigroup Global Markets Holdings Inc. priced $1.5 million of equity-linked securities due April 5, 2023 tied to the least performing of the shares of H&R Block, Inc., Walt Disney Co. and YETI Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 11.05% per year, payable monthly.
If each stock finishes at or above 60% of its initial level, the payout at maturity will be par plus the final fixed coupon. Otherwise, investors will be fully exposed to the losses of the worst performer.
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: | Equity-linked securities
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Underlying stocks: | H&R Block, Inc., Walt Disney Co. and YETI Holdings, Inc.
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Amount: | $1,500,000
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Maturity: | April 5, 2023
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Coupon: | 11.05% annual rate, payable monthly
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Price: | Par
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Payout at maturity: | If each stock finishes at or above barrier, par plus final fixed coupon; otherwise, full exposure to losses of worst performer
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Initial levels: | $21.79 for H&R, $185.53 for Disney, $71.42 for YETI
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Barrier levels: | $13.074 for H&R, $111.318 for Disney, $42.852 for YETI, 60% of initial levels
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Strike date: | March 30
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Pricing date: | March 31
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Settlement date: | April 6
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.4%
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Cusip: | 17329FB86
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