Published on 6/10/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.01 million buffer securities linked to Dow, Nasdaq
By William Gullotti
Buffalo, N.Y., June 10 – Citigroup Global Markets Holdings Inc. priced $1.01 million of 0% buffer securities due June 2, 2027 linked to the Nasdaq-100 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.
The payout at maturity will be par plus 154.15% of any positive return of the laggard index.
If the laggard index falls by up to 10%, the payout will be par. Investors will be exposed to declines in the laggard index beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | Nasdaq-100 index, Dow Jones industrial average
|
| Amount: | $1,006,000
|
| Maturity: | June 2, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 154.15% of any positive return of laggard index; par if laggard index falls by up to 10%; lose 1% for every 1% decline of laggard index beyond 10%
|
| Initial levels: | 33,212.96 for Dow, 12,681.42 for Nasdaq
|
| Buffer levels: | 29,891.664 for Dow, 11,413.278 for Nasdaq; 90% of initial levels
|
| Pricing date: | May 27
|
| Settlement date: | June 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.55%
|
| Cusip: | 17330FQ46
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
