Published on 1/31/2021 in the Prospect News Structured Products Daily.
New Issue: Citi prices $792,000 upside participation market-linked notes on basket
By Taylor Fox
New York, Feb. 1 – Citigroup Global Markets Holdings Inc. priced $792,000 of 0% market-linked securities – upside participation with quarterly averaging and principal return at maturity – due Jan. 8, 2029 linked to a basket consisting of the Euro Stoxx 50 index with a 60% weight, the Topix index with a 12% weight, the FTSE 100 index with a 10% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 8% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus the final average basket value.
The average basket value will be the arithmetic average of the closing value of the components, with weights applied, on quarterly valuation date starting in March 2021 and with the last one on Dec. 29, 2028.
If the basket falls, the payout will be par.
Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – upside participation with quarterly averaging and principal return
|
| Underlying basket: | Euro Stoxx 50 index (60% weight), the Topix index (12% weight), the FTSE 100 index (10% weight), the Swiss Market index (10% weight) and the S&P/ASX 200 index (8% weight)
|
| Amount: | $792,000
|
| Maturity: | Jan. 8, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain in the average basket value; if basket falls, par
|
| Initial prices: | 3,571.59 for Stoxx, 1,804.68 for Topix, 6,555.82 for FTSE, 10,703.51 for Swiss Markets and 6,682.432 for S&P
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 6
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities LLC
|
| Fees: | 3.62%
|
| Cusip: | 17328YB37
|
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