Published on 8/26/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.66 million barrier securities linked to Dow, S&P, Russell
By William Gullotti
Buffalo, N.Y., Aug. 26 – Citigroup Global Markets Holdings Inc. priced $1.66 million of 0% barrier securities due June 29, 2026 linked to the Russell 2000 index, the S&P 500 index and the Nasdaq-100 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 161.25% of any positive return of the laggard index.
If the laggard index falls by up to 30%, the payout will be par.
Investors will be exposed to declines in the laggard index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying index: | Russell 2000 index, S&P 500 index, Nasdaq-100 index
|
| Amount: | $1,656,000
|
| Maturity: | June 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 161.25% of any positive return of laggard index; par if laggard index falls by up to 30%; lose 1% for every 1% decline of laggard index from initial level
|
| Initial levels: | 4,266.49 for S&P, 14,365.96 for Nasdaq, 2,333.622 for Russell
|
| Barrier levels: | 2,986.543 for S&P, 10,056.172 for Nasdaq, 1,633.535 for Russell; 70% of initial levels
|
| Pricing date: | June 24
|
| Settlement date: | June 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17329FVX9
|
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