Published on 9/8/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.31 million buffer securities linked to Dow, S&P, Russell
By William Gullotti
Buffalo, N.Y., Sept. 8 – Citigroup Global Markets Holdings Inc. priced $2.31 million of 0% buffer securities due Sept. 6, 2024 linked to the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, 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 1.45 times any positive return of the laggard index.
If the laggard index falls by up to 5%, the payout will be par. Investors will be exposed to declines in the laggard index beyond 5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
|
| Amount: | $2,313,000
|
| Maturity: | Sept. 6, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.45 times any positive return of laggard index; par if laggard index falls by up to 5%; otherwise, lose 1% for every 1% decline of laggard index beyond 5%
|
| Initial levels: | 3,955.0 for S&P, 31,510.43 for Dow, 1,844.115 for Russell
|
| Buffer levels: | 3,757.25 for S&P, 29,934.909 for Dow, 1,751.909 for Russell; 95% of initial levels
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17330PU56
|
|
|
© 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.
