Published on 6/9/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $750,000 barrier securities on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, June 9 – Citigroup Global Markets Holdings Inc. priced $750,000 of 0% barrier securities due May 19, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 195% of any index gain.
If the index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $750,000
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| Maturity: | May 19, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.95 times any index gain; par if the index falls by up to 30%; otherwise, full exposure to the decline of the index from its initial level
|
| Initial level: | 3,952.45
|
| Barrier level: | 2,766.715, 70% of initial level
|
| Pricing date: | May 14
|
| Settlement date: | May 19
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
|
| Cusip: | 17329FMR2
|
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