Published on 11/8/2019 in the Prospect News Structured Products Daily.
New Issue: Citi prices $5.56 million market-linked notes due 2021 tied to Nasdaq, Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $5.56 million of 0% market-linked notes due Nov. 4, 2021 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 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 the final level of the worst performing index is greater than the initial level, the payout at maturity will be par plus 1.03 times the return of that index.
If the final level of the worst performing index is less than or equal to the initial level, the payout will be par plus the return of that index, subject to a minimum payout of 90% of par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Market-linked notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index, Dow Jones industrial average
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Amount: | $5,561,000
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Maturity: | Nov. 4, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.03 times any gain of worst performing index; if worst performing index falls, exposure to first 10% of losses
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Initial index levels: | 8,083.113 for Nasdaq, 1,572.847 for Russell, 27,186.69 for Dow
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Pricing date: | Oct. 30
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Settlement date: | Nov. 4
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Agents: | Citigroup Global Markets Inc.
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Fee: | 1%
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Cusip: | 17327TJJ6
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