Published on 6/7/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $650,000 barrier digital plus securities on Stoxx
Chicago, June 7 – Citigroup Global Markets Holdings Inc. priced $650,000 of 0% barrier digital plus securities due Nov. 26, 2027 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than or equal to its initial level, the payout at maturity will be par plus the greater of 50% and the index return. If the index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any losses of the index.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Barrier digital plus securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $650,000
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| Maturity: | Nov. 26, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level, par plus greater of index return and 50%; par if index falls by up to 30%; otherwise, 1% loss for every 1% decline from initial level
|
| Initial level: | 4,338.69
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| Barrier level: | 3,037.083, 70% of initial level
|
| Pricing date: | Nov. 22, 2021
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| Settlement date: | Nov. 26, 2021
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.35%
|
| Cusip: | 17329ULP4
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