Published on 3/23/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.44 million barrier securities on Nasdaq, Russell
By William Gullotti
Buffalo, N.Y., March 23 – Citigroup Global Markets Holdings Inc. priced $2.44 million of 0% barrier securities due March 21, 2025 linked to the least performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index finishes at or above its initial level, payout will be par plus 200% of the return of the least-performing index, subject to a maximum payout of par plus 51.25%.
If the least-performing index finishes below its initial level but at or above its final barrier level, 70% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing 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 indexes: | Nasdaq-100 index, Russell 2000 index
|
| Amount: | $2,438,000
|
| Maturity: | March 21, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 200% of the gain of the least-performing index capped at 51.25%; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
|
| Initial levels: | 14,420.08 for Nasdaq, 2,086.143 for Russell
|
| Final barrier levels: | 10,094.056 for Nasdaq, 1,460.3 for Russell; 70% of initial levels
|
| Pricing date: | March 18
|
| Settlement date: | March 23
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.95%
|
| Cusip: | 17330AP89
|
|
|
© 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.
