Published on 5/6/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.2 million equity-linked securities on three stocks
By Wendy Van Sickle
Columbus, Ohio, May 6 – Citigroup Global Markets Holdings Inc. priced $1.2 million of equity-linked securities due April 25, 2024 tied to the least performing of the shares of Walt Disney Co., Apple Inc. and Zillow Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 10.8% per year, payable monthly.
If the final level of each asset is at least as great as 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least performing stock.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Equity-linked securities
|
Underlying assets: | Walt Disney Co., Apple Inc. and Zillow Group, Inc.
|
Amount: | $1.2 million
|
Maturity: | April 25, 2024
|
Coupon: | 10.8%, payable monthly
|
Price: | Par
|
Payout at maturity: | If each asset finishes at or above barrier, par; otherwise, full exposure to decline of least performing stock
|
Initial levels: | $182.79 for Walt Disney, $133.11 for Apple, $129.20 for Zillow
|
Barrier levels: | $109.674 for Walt Disney, $79.866 for Apple, $77.52 for Zillow; 60% of initial levels
|
Pricing date: | April 21
|
Settlement date: | April 26
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 0.6%
|
Cusip: | 17329FRF3
|
|
|
© 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.