Published on 6/17/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.58 million barrier securities linked to indexes
By Sarah Lizee
Olympia, Wash., June 17 – Citigroup Global Markets Holdings Inc. priced $1.58 million of 0% barrier securities due June 16, 2025 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, 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 193% of the worst performing index if all three underliers finish above their initial levels.
If the worst performer declines, but not more than 30%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Barrier securities
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 and the Russell 2000
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Amount: | $1,575,000
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Maturity: | June 16, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 193% of return of worst performing index, if all three finish positive; par if worst performer declines, but not more than 30%; otherwise full exposure to decline of worst performer
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Initial index levels: | 25,128.17 for Dow, 9,588.479 for Nasdaq, 1,356.224 for Russell
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Barrier levels: | 17,589.719 for Dow, 6,711.935 for Nasdaq, 949.357 for Russell; 70% of initial levels
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Pricing date: | June 11
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Settlement date: | June 16
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17328VHP8
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