Published on 8/15/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.58 million barrier digital plus notes linked to indexes
By Angela McDaniels
Tacoma, Wash., Aug. 15 – Citigroup Global Markets Holdings Inc. priced $2.58 million of 0% barrier digital plus securities due Aug. 18, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the least-performing index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the least-performing index’s return and 37.45%.
If the final level of the least-performing index is less than its initial level but greater than or equal to its barrier value, 70% of its initial level, the payout will be par.
If the final level of the least-performing index is less than its barrier value, investors will be exposed to the decline of the least-performing index from its initial level.
The notes will be guaranteed by Citigroup Inc.
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 digital plus securities
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| Underlying indexes: | S&P 500, Russell 2000 and Dow Jones industrial average
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| Amount: | $2.58 million
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| Maturity: | Aug. 18, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of least-performing index is greater than or equal to initial level, par plus greater of least-performing index’s return and 37.45%; if final level of least-performing index is less than initial level but greater than or equal to barrier value, par; if final level of least-performing index is less than barrier value, exposure to decline of least-performing index from initial level
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| Initial levels: | 2,883.75 for S&P 500, 1,494.275 for Russell 2000 and 25,907.37 for Dow
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| Barrier values: | 2,018.625 for S&P 500, 1.045.993 for Russell 2000 and 18,135.159 for Dow, or 70% of initial levels
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| Strike date: | Aug. 12
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| Pricing date: | Aug. 13
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| Settlement date: | Aug. 16
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17327TXA9
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