Published on 7/23/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $250,000 market-linked securities on index, ETF
By Wendy Van Sickle
Columbus, Ohio, July 23 – Citigroup Global Markets Holdings Inc. priced $250,000 of 0% market-linked securities due July 22, 2024 tied to the least performing of the iShares MSCI EAFE ETF 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 the final level of each asset is at least as great as its initial level, the payout at maturity will be par plus the return of the least performing asset up to a maximum of 21%. Otherwise, investors will lose 1% for each 1% loss of the worst-performing asset up to a maximum loss of 10%.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Market-linked securities
|
Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
Amount: | $250,000
|
Maturity: | July 22, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final level of each asset is at least as great as its initial level, par plus return of least performing asset up to a maximum of 21%; otherwise, investors will lose 1% for each 1% loss of the worst-performing asset up to a maximum loss of 10%
|
Initial levels: | $63.51 for ETF, 3,365.6 for index
|
Pricing date: | July 17
|
Settlement date: | July 22
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1%
|
Cusip: | 17328W6M5
|
|
© 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.