Published on 2/28/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $125,000 of market-linked securities on indexes
By William Gullotti
Buffalo, N.Y., Feb. 28 – Citigroup Global Markets Holdings Inc. priced $125,000 of market-linked securities due April 26, 2024 linked to the least performing of the Euro Stoxx 50 index, the Nikkei 225 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If all index finishes positive, the payout at maturity will be par plus the return of the worst performing index, capped at a 40% gain.
Otherwise, investors will be fully exposed to the losses of the worst performer with a minimum payout of $900 per $1,000 note.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities
|
| Underlying indexes: | Euro Stoxx 50, Nikkei 225, S&P 500
|
| Amount: | $125,000
|
| Maturity: | April 26, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return of worst performing index, capped at 40% gain if all indexes finish positive; otherwise, full exposure to losses of worst performer with minimum payout of $900 per $1,000 note
|
| Initial levels: | 4,013.34 for Stoxx, 29,020.63 for Nikkei, 4,180.17 for S&P
|
| Pricing date: | April 23, 2021
|
| Settlement date: | April 28, 2021
|
| Agents: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17329F6W9
|
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