Published on 2/8/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.07 million barrier securities on Dow, Nasdaq, Russell
Chicago, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $2.07 million of 0% barrier securities due April 21, 2026 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index finishes at or above its initial level, payout will be par plus 1.554 times the return of the least-performing index.
If the least-performing index finishes below its initial level but at or above its final barrier level, 60% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.
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, Nasdaq-100 index, Russell 2000 index
|
| Amount: | $2,066,000
|
| Maturity: | April 21, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 1.554 times the gain of the least-performing index; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
|
| Initial levels: | 34,200.67 for Dow, 14,041.91 for Nasdaq, 2,262.670 for Russell
|
| Final barrier levels: | 20,520.402 for Dow, 8,425.146 for Nasdaq, 1,357.602 for Russell; 60% of initial levels
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17329F4E1
|
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