Published on 6/7/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.47 million buffer securities linked to S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, June 7 – Citigroup Global Markets Holdings Inc. priced $2.47 million of 0% buffer securities due May 12, 2026 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 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 118.7% 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 underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying index: | S&P 500 index, Dow Jones industrial average, Russell 2000 index
|
| Amount: | $2,467,000
|
| Maturity: | May 12, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 118.7% 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: | 4,232.60 for S&P, 13,719.63 for Nasdaq, 2,271.629 for Russell
|
| Buffer levels: | 3,386.08 for S&P, 10,975.704 for Nasdaq, 1,817.303 for Russell; 80% of initial levels
|
| Pricing date: | May 7
|
| Settlement date: | May 12
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17329FGJ7
|
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