Published on 7/1/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4 million barrier digital plus securities on three indexes
By William Gullotti
Buffalo, N.Y., July 1 – Citigroup Global Markets Holdings Inc. priced $4 million of 0% barrier digital plus securities due June 25, 2026 linked to the Nasdaq-100 index, the Russell 2000 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 each index finishes at or above its upside barrier, 145% of its initial level, the payout at maturity will be par plus 45% plus 1.9% for every 1% by which the least performing index’s gain exceeds 45%.
If each index finishes at or above its initial level but below its upside barrier, the payout at maturity will be par plus 45%.
If any index falls but each index finishes above its 80% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Barrier digital plus securities
|
Underlying indexes: | Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
|
Amount: | $4,000,000
|
Maturity: | June 25, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its upside barrier, par plus 45% plus 1.9% for every 1% by which the least performing index’s gain exceeds 45%; if each index finishes at or above its initial level but below its upside barrier, par plus 45%; if any index falls but each index finishes above its barrier level, par; otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level
|
Initial level: | 14,137.23 for Nasdaq, 2,286.093 for Russell, 33,876.97 for Dow
|
Barrier level: | 11,309.784 for Nasdaq, 1,828.874 for Russell, 27,101.576 for Dow; 80% of initial level
|
Upside barrier: | 20,498.984 for Nasdaq, 3,314.835 for Russell, 49,121.606 for Dow; 145% of initial level
|
Pricing date: | June 21
|
Settlement date: | June 24
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.75%
|
Cusip: | 17329FZV9
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.