Published on 4/21/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $796,000 barrier securities on linked to Dow, Russell, S&P
By Wendy Van Sickle
Columbus, Ohio, April 21 – Citigroup Global Markets Holdings Inc. priced $796,000 of 0% barrier securities due April 20, 2023 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 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 145% of the worst performing index if all three underliers finish above their initial level.
If the worst performer declines, but not more than 30%, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst 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: | Barrier securities
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Underlying indexes: | Dow Jones industrial average, Russell 2000 and the S&P 500
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Amount: | $796,000
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Maturity: | April 20, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 145% of return of worst performing index, if all three finish positive; par if worst performer declines, but not more than 30%; otherwise full exposure to decline of worst performer
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Initial index levels: | 23,537.68 for Dow, 1,178.098 for Russel, 2,799.55 for S&P 500
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Barrier levels: | 16,476.376 for Dow, 824.662 for Russell, 1,959.685 for S&P 500; 70% of initial levels
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Pricing date: | April 16
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Settlement date: | April 21
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17328VR69
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