Published on 1/14/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.62 million contingent barrier digital notes on S&P 500
By William Gullotti
Buffalo, N.Y., Jan. 14 – Citigroup Global Markets Holdings Inc. priced $1.62 million of 0% contingent barrier digital notes due Sept. 14, 2022 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 78.5% barrier level, the payout at maturity will be par plus 5%. Otherwise, investors will lose 1% for every 1% decline from the index’s initial level.
The notes are guaranteed by Citigroup Inc.
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: | Contingent barrier digital notes
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Underlying index: | S&P 500 index
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Amount: | $1.62 million
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Maturity: | Sept. 14, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above barrier level, par plus 5%; otherwise, lose 1% for every 1% of index decline from initial level
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Initial level: | 4,496.19
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Barrier level: | 3,529.509; 78.5% of initial level
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Strike date: | Aug. 25
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17329QV64
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