Published on 3/31/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.54 million market-linked notes tied to EAFE ETF, Stoxx Europe index
By William Gullotti
Buffalo, N.Y., March 31 – Citigroup Global Markets Holdings Inc. priced $1.54 million of 0% market-linked notes due March 31, 2027 linked to the worst performing of the iShares MSCI EAFE ETF and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If each underlier finishes at or above its initial level, the payout at maturity will be par plus 127.15% of the worst performer’s return.
Otherwise, investors will receive par.
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: | Market-linked notes
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Underlying assets: | iShares MSCI EAFE ETF, Stoxx Europe 600 index
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Amount: | $1,535,000
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Maturity: | March 31, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlier finishes at or above its initial level, par plus 127.15% of the worst performer’s return; otherwise, par
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Initial levels: | $73.76 for ETF, 453.55 for Stoxx Europe
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Pricing date: | March 25
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Settlement date: | March 30
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17330AXV9
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