Published on 12/6/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $835,000 enhanced buffered digital notes on S&P, Russell
Chicago, Dec. 6 – Citigroup Global Markets Holdings Inc. priced $835,000 of 0% enhanced buffered digital securities due April 4, 2024 linked to the worse performing of the S&P 500 index and the Russell 2000 index, 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 the 90% buffer level, the payout at maturity will be par plus a fixed return of 23.5%.
Otherwise, investors will be exposed to any decline of the worse performing index beyond 10%.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Enhanced buffered digital securities
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $835,000
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Maturity: | April 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above the buffer level, par plus a fixed return of 23.5%; otherwise, investors will be exposed to any decline of the worse performing index beyond buffer
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Initial levels: | 3,971.09 for S&P, 2,158.682 for Russell
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Buffer values: | 3,573.981 for S&P, 1,942.814 for Russell, 90% of initial levels
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Pricing date: | March 29
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Settlement date: | April 1
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.85%
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Cusip: | 17329FA79
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