Published on 3/28/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $4.03 million barrier digital securities on S&P, Russell, Dow
By William Gullotti
Buffalo, N.Y., March 28 – Citigroup Global Markets Holdings Inc. priced $4.03 million of 0% barrier digital securities due March 21, 2025 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final level of the least-performing index is greater than or equal to its initial level, the payout at maturity will be par plus 42.5%.
If the least performing index falls but not below the barrier level, 70% of its initial level, the payout will be par. Otherwise, investors will be fully exposed to the 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 digital securities
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| Underlying indexes: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
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| Amount: | $4,029,000
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| Maturity: | March 21, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level of the least-performing index is greater than or equal to its initial level, par plus 42.5%; if laggard index falls, but not below barrier, par; otherwise, investors will be fully exposed to the decline of the least-performing index from its initial level
|
| Initial levels: | 4,357.86 for S&P, 2,030.72 for Russell, 34,063.1 for Dow
|
| Barrier levels: | 3,050.502 for S&P, 1,421.504 for Russell, 23,844.17 for Dow; 70% of initial levels
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| Strike date: | March 16
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| Pricing date: | March 18
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| Settlement date: | March 23
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.35%
|
| Cusip: | 17330AR38
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