Published on 7/29/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $9.88 million basket-linked notes on indexes
By Kiku Steinfeld
Chicago, July 29 – Citigroup Global Markets Holdings Inc. priced $9.88 million of 0% equity index notes due Nov. 20, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.
The notes are guaranteed by Citigroup Inc.
If the basket return is zero or positive, the payout at maturity will be par plus 3 times the basket return, capped at par plus 36%.
Investors will share in any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Equity index basket-linked notes
|
| Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
|
| Amount: | $9,879,000
|
| Maturity: | Nov. 20, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is zero or positive, par plus 3 times the basket return, capped at par plus 36%; exposure to losses
|
| Initial levels: | 4,035.77 for Euro Stoxx, 1,932.19 for Topix, 7,008.09 for FTSE, 12,026.50 for Swiss Market, 7,348.123 for S&P/ASX
|
| Pricing date: | July 16
|
| Settlement date: | July 23
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17329Q2J8
|
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