Published on 1/8/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $6.88 million barrier digital securities on Russell, S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, Jan. 8 – Citigroup Global Markets Holdings Inc. priced $6.88 million of 0% barrier digital securities due Dec. 28, 2023 linked to the worst performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the least performing asset finishes at or above its barrier level, 70% of the initial level, the payout at maturity will be par plus 34.25%.
Otherwise, investors will be fully exposed to the decline in the least performing asset.
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: | Barrier digital securities
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Underlying assets: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
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Amount: | $6,878,000
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Maturity: | Dec. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset finishes at or above barrier level, par plus 34.25%; otherwise, full exposure to loss of least performing asset
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Initial index levels: | 30,015.51 for Dow, 3,687.26 for S&P, 1,989.88 for Russell
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Barrier levels: | 21,010.857 for Dow, 2,581.082 for S&P, 1,392.916 for Russell, 70% of initial levels
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17328YDZ4
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