Published on 6/14/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.36 million dual directional barrier securities on three indexes
By William Gullotti
Buffalo, N.Y., June 14 – Citigroup Global Markets Holdings Inc. priced $1.36 million of 0% dual directional barrier securities due May 26, 2026 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus 116.5% of the return of the least performing index.
If the worst performing index falls by up to 35%, the payout will be par plus the absolute value of the return of the worst performing index.
Otherwise, investors will be fully exposed to the decline of the least performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier securities
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average
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| Amount: | $1,361,000
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| Maturity: | May 26, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the worst performing index finishes at or above its initial level, par plus 116.5% of the return of the least performing index; if the worst performing index falls by up to barrier level, par plus absolute value of the return of the worst performing index; otherwise, full exposure to decline of the least performing index
|
| Initial levels: | 34,084.15 for Dow, 13,494.09 for Nasdaq, 2,207.76 for Russell
|
| Barrier levels: | 22,154.698 for Dow, 8,771.159 for Nasdaq, 1,435.044 for Russell; 65% of initial levels
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| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17329FEB6
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