Published on 3/29/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.3 million barrier securities on linked to Dow, Russell, S&P
Chicago, March 30 – Citigroup Global Markets Holdings Inc. priced $1.3 million of 0% barrier 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 are guaranteed by Citigroup Inc.
The payout at maturity will be par plus five times the worst performing index if all three underliers finish above their initial level, subject to a maximum return of 135% of the stated principal amount.
If the worst performer declines, but not more than 30%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 and the S&P 500
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| Amount: | $1,258,000
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| Maturity: | March 21, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus five times return of worst performing index, if all three finish positive, subject to maximum return of 135% of stated principal amount; par if worst performer declines, but not more than 30%; otherwise full exposure to decline of worst performer
|
| Initial index levels: | 21,237.38 for Dow, 1,106.510 for Russell, 2,529.19 for S&P 500
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| Barrier levels: | 14,866.166 for Dow, 774.557 for Russell, 1,770.433 for S&P 500; 70% of initial levels
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| Strike date: | March 17
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| Pricing date: | March 18
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| Settlement date: | March 23
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.85%
|
| Cusip: | 17328V7C8
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