New Issue: Citigroup prices $1.4 million barrier digital plus securities on Stoxx, S&P

By Kiku Steinfeld

Chicago, Sept. 1 – Citigroup Global Markets Holdings Inc. priced $1.4 million of 0% barrier digital plus securities due Jan. 27, 2028 linked to the worst performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the least performing index’s gain and 68%.

If either index falls but each index finishes above its 60% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying indexes:	S&P 500 index, Euro Stoxx 50 index
Amount:	$1.4 million
Maturity:	Jan. 27, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If each index’s final level is greater than or equal to its initial level, par plus greater of least performing index’s return and 68%; par if either index falls by up to 40%; otherwise, full exposure to worst performing index’s decline from initial level
Initial levels:	4,410.13 for S&P, 4,054.36 for Stoxx
Barrier levels:	2,646.078 for S&P, 2,432.616 for Stoxx; 60% of initial levels
Pricing date:	Jan. 24, 2022
Settlement date:	Jan. 26, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	3.35%
Cusip:	17330AC59

© 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.