Published on 4/29/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $51.67 million trigger PLUS tied to index basket
By Wendy Van Sickle
Columbus, Ohio, April 29 – Citigroup Global Markets Holdings Inc. priced $51.67 million of 0% trigger Performance Leveraged Upside Securities due April 28, 2027 linked to an equally weighted basket of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final basket level is greater than the initial basket level, the payout at maturity will be par of $10 plus 145% of the basket return. If the basket declines by 30% or less, the payout will be par. If the basket declines by more than 30%, investors will lose 1% for every 1% that the basket declines from its initial level.
Citigroup Global Markets Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying basket: | Euro Stoxx 50 index and S&P 500 index, each with 50% weights
|
| Amount: | $51,674,000
|
| Maturity: | April 28, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final basket level is greater than initial basket level, par plus 145% of the basket gain; if final basket level is less than initial basket level but greater than or equal to trigger level, par; if final basket level is less than trigger level, 1% loss for every 1% that basket declines from initial level
|
| Initial index levels: | 4,013.34 for Stoxx, 4,180.17 for S&P
|
| Trigger level: | 70% of initial level
|
| Pricing date: | April 23
|
| Settlement date: | April 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 17329B889
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
