Published on 4/4/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $374,000 barrier securities on Russell, EM ETF
By William Gullotti
Buffalo, N.Y., April 4 – Citigroup Global Markets Holdings Inc. priced $374,000 of 0% barrier securities due May 9, 2024 linked to the least performing of the iShares MSCI Emerging Markets ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each underlier finishes at or above its initial level, payout will be par plus 1.65 times the return of the least-performing asset.
If the least-performing underlier finishes below its initial level but at or above its final barrier level, 75% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing asset from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying assets: | iShares MSCI Emerging Markets ETF, Russell 2000 index
|
| Amount: | $374,000
|
| Maturity: | May 9, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlying finishes above initial level, par plus 1.65 times the gain of the least-performing asset; if any underlying 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 underlier from its initial level
|
| Initial levels: | $53.62 for ETF, 2,241.366 for Russell
|
| Final barrier levels: | $40.215 for ETF, 1,681.025 for Russell; 75% of initial levels
|
| Pricing date: | May 5, 2021
|
| Settlement date: | May 10, 2021
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.2%
|
| Cusip: | 17329FKU7
|
|
|
© 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.
