Published on 8/17/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.43 million buffer securities linked to Dow, Russell, S&P
By Sarah Lizee
Olympia, Wash., Aug. 17 – Citigroup Global Markets Holdings Inc. priced $2.43 million of 0% buffer securities due Aug. 10, 2026 linked to the S&P 500 index, the Dow Jones industrial average and the Russell 2000 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 147.25% of any positive return of the laggard index.
If the laggard index falls by up to 20%, the payout will be par.
Investors will be exposed to declines in the laggard index beyond 20%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying index: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
|
| Amount: | $2,425,000
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| Maturity: | Aug. 10, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 147.25% of any positive return of laggard index; par if laggard index falls by up to 20%; exposure to any losses of laggard index beyond 20%
|
| Initial levels: | 26,828.47 for Dow, 1,517.213 for Russell, 3,306.51 for S&P
|
| Buffer levels: | 21,462.776 for Dow, 1,213.770 for Russell, 2,645.208 for S&P, 80% of initial levels
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| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 10
|
| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
|
| Cusip: | 17328WM70
|
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