Published on 4/6/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.73 million barrier securities on Stoxx, EAFE ETF
By William Gullotti
Buffalo, N.Y., April 6 – Citigroup Global Markets Holdings Inc. priced $1.73 million of 0% barrier securities due April 5, 2027 linked to the least performance of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each underlier finishes at or above its initial level, payout will be par plus 2.55 times the return of the least-performing underlier.
If the least-performing underlier finishes below its initial level but at or above its final barrier level, 70% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing underlier from its initial level.
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: | Barrier securities
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| Underlying assets: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
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| Amount: | $1,729,000
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| Maturity: | April 5, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each underlier finishes above initial level, par plus 2.55 times the gain of the least-performing underlier; if any underlier finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the worst performer from its initial level
|
| Initial levels: | $73.60 for ETF, 3,902.52 for Stoxx
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| Final barrier levels: | $51.52 for ETF, 2,731.764 for Stoxx; 70% of initial levels
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
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| Cusip: | 17330AQH8
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