Published on 3/1/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $500,000 buffer securities linked to Stoxx, S&P
By Wendy Van Sickle
Columbus, Ohio, March 1 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% buffer securities due Feb. 18, 2026 linked to the S&P 500 index and the Euro Stoxx 50 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 170% 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying index: | S&P 500 index, Euro Stoxx 50 index
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| Amount: | $500,000
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| Maturity: | Feb. 18, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 170% 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: | 3,695.61 for Stoxx, 3,934.83 for S&P
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| Buffer levels: | 2,956.488 for Stoxx, 3,147.864 for S&P, 80% of initial levels
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| Pricing date: | Feb. 12
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| Settlement date: | Feb. 18
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17328YX41
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