Published on 2/10/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $180,000 barrier securities om MSCI World Dividend Growers Quality Select
By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – Citigroup Global Markets Holdings Inc. priced $180,000 of 0% barrier securities due Feb. 1, 2024 linked to the MSCI World Dividend Growers Quality Select 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 any index gain, up to a maximum gain of 40%. If the index falls by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.
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: | Barrier securities
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Underlying index: | MSCI World Dividend Growers Quality Select index
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Amount: | $180,000
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Maturity: | Feb. 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to 40% maximum gain; par if index falls by up to 20%; otherwise, full exposure to losses
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Initial level: | 2,297.38
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Barrier level: | 1,837.904, 80% of initial level
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Pricing date: | Jan. 27
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Settlement date: | Feb. 1
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17328YD35
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