Published on 3/15/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.80 million 15.5-month PLUS linked to S&P 500
By Marisa Wong
Los Angeles, March 15 – Citigroup Global Markets Holdings Inc. priced $2,803,790 of 0% Performance Leveraged Upside Securities due June 3, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is positive, the payout at maturity will be par of $10 plus triple the index return, capped at par plus 14.5%. Investors will be fully exposed to any index decline.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as a dealer.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500 index
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Amount: | $2,803,790
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Maturity: | June 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 3 times any index gain, capped at par plus 14.5%; full exposure to losses
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Initial level: | 3,934.83
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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. with Morgan Stanley Wealth Management as a dealer
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Fees: | 2.25%
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Cusip: | 17329B129
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