Published on 3/17/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.87 million buffered basket-linked notes on indexes
By William Gullotti
Buffalo, N.Y., March 17 – Citigroup Global Markets Holdings Inc. priced $1.87 million of 0% buffered equity index notes due March 21, 2024 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 positive, the payout at maturity will be par plus 1.8 times the basket return, subject to a maximum return of par plus 35.37%.
Investors will receive par if the basket falls by up to 17.5% and will lose 1.2121% for each 1% decline beyond 17.5%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered 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: | $1,865,000
|
| Maturity: | March 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 1.8 times the basket return, capped at par plus 35.37%; par if basket falls by up to 17.5%; otherwise, 1.2121% loss for each 1% decline in basket beyond 17.5%
|
| Initial levels: | 3,741.1 for Euro Stoxx, 1,812.28 for Topix, 7,193.47 for FTSE, 11,678.94 for Swiss Market, 7,149.403 for S&P/ASX
|
| Buffer level: | 82.5% of initial level
|
| Pricing date: | March 14
|
| Settlement date: | March 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17330AK84
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