Published on 12/27/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $5.41 million barrier securities on Dow, S&P
By Taylor Fox
New York, Dec. 30 – Citigroup Global Markets Holdings Inc. priced $5.41 million of 0% barrier securities due Dec. 28, 2026 linked to the worst performing of the S&P 500 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.
If the final level of the worst performing index is greater than or equal to its initial level, the payout at maturity will be par plus 1.31 times the return of that index.
If the final level of the worst performing index is less than its initial level but greater than or equal to its 75% barrier level, the payout will be par.
If the final level of the worst performing index is less than the 75% barrier level, investors will be fully exposed to the decline of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | Dow Jones industrial average and S&P 500 index
|
| Amount: | $5,412,000
|
| Maturity: | Dec. 28, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the worst performing index is greater than or equal to its initial level, par plus 1.31 times the return of that index; if the final level of the worst performing index is less than its initial level but greater than or equal to its 75% barrier level, par; otherwise, full exposure to the decline of the worst performing index
|
| Initial levels: | 30,179.05 for Dow, 3,709.41 for S&P
|
| Barrier levels: | 22,634.288 for Dow, 2,782.058 for S&P; 75% of initial levels
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Cusip: | 17328YAD6
|
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