Published on 9/23/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.5 million enhanced barrier digital securities on Russell, S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, Sept. 23 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% enhanced barrier digital securities due Sept. 20, 2024 linked to the worst performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the least performing index finishes at or above its barrier level, 55% of the initial level, the payout at maturity will be par plus 28%.
Otherwise, investors will be fully exposed to the decline in the least performing index.
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: | Enhanced barrier digital securities
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Underlying indexes: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
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Amount: | $1,503,000
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Maturity: | Sept. 20, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above barrier level, par plus 28%; otherwise, full exposure to loss of least performing index
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Initial index levels: | 27,110.8 for Dow, 3,005.7 for S&P, 1,578.29 for Russell
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Barrier levels: | 14,910.94 for Dow, 1,653.135 for S&P, 868.06 for Russell, 55% of initial levels
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Pricing date: | Sept. 17
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Settlement date: | Sept. 20
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17327TKH8
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