Published on 4/2/2020 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.52 million 0% upturn securities tied to Dow, S&P
By Sarah Lizee
Olympia, Wash., April 2 – Citigroup Global Markets Holdings Inc. priced $1.52 million of 0% upturn securities due March 28, 2025 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 230% of the gain of the lesser performing index.
Investors will be exposed to any losses of the lesser performing index.
The notes are guaranteed by Citigroup Inc.
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: | Upturn securities
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Underlying indexes: | Dow Jones industrial average, S&P 500
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Amount: | $1,518,000
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Maturity: | March 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 230% of the gain of the lesser performing index; 1% loss per 1% decline of the lesser performing index
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Initial levels: | 21,200.55 for Dow, 2,475.56 for S&P
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Pricing date: | March 25
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Settlement date: | March 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17328V3D0
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