Published on 2/1/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $250,000 dual directional barrier digital plus securities on S&P, Russell, Dow
By Kiku Steinfeld
Chicago, Feb. 1 – Citigroup Global Markets Holdings Inc. priced $250,000 of 0% dual directional barrier digital plus securities due Jan. 25, 2027 linked to the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus 121.35% of the return of the least performing index.
If the worst performing index falls by up to 40%, the payout will be par plus half of the absolute value of the return of the worst performing index.
Otherwise, investors will be fully exposed to the decline of the least performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier digital plus securities
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| Underlying indexes: | Russell 2000 index, S&P 500 index and Dow Jones industrial average
|
| Amount: | $250,000
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| Maturity: | Jan. 25, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the worst performing index finishes at or above its initial level, par plus 121.35% of the return of the least performing index; if the worst performing index falls by up to barrier level, par plus half of the absolute value of the return of the worst performing index; otherwise, full exposure to decline of the least performing index
|
| Initial levels: | 34,715.39 for Dow, 2,024.037 Russell, 4,482.73 for S&P
|
| Barrier levels: | 20,829.234 for Dow, 1,214.422 for Russell, 2,689.638 for S&P; 60% of initial levels
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.7%
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| Cusip: | 17330AD74
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