By Kiku Steinfeld
Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $1.07 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Feb. 2, 2026 linked a weighted ETF basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR Dow Jones Industrial Average ETF Trust with a 50% weight, the SPDR S&P MidCap 400 ETF Trust with a 30% weight and the iShares Russell 2000 ETF with a 20% weight.
The payout at maturity will be par plus 1.1 times any gain in the basket, capped at a maximum return of par plus 37%.
If the basket falls by up to 10%, the payout will be par.
Investors will lose 1% for every 1% decline of the basket beyond the 10% buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the lead agent and Wells Fargo Securities LLC is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying basket: | SPDR Dow Jones Industrial Average ETF Trust (50% weight), SPDR S&P MidCap 400 ETF Trust (30% weight), iShares Russell 2000 ETF (20% weight)
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Amount: | $1,065,000
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Maturity: | Feb. 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.1 times any basket gain, capped at $1,370 per security; if basket falls by up to 10%, par; otherwise, 1% loss for every 1% decline of basket beyond 10% buffer
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Initial levels: | $347.11 for Dow ETF Trust, $469.78 for MidCap 400 Trust, $195.25 for iShares
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Buffer level: | 90% of initial level
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Pricing date: | Jan. 28, 2022
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Settlement date: | Feb. 2, 2022
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Agents: | Citigroup Global Markets Inc. as lead agent with Wells Fargo Securities LLC as agent
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Fees: | 3.92%
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Cusip: | 17329UPD7
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