Published on 8/17/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.02 million barrier securities linked to indexes
By Wendy Van Sickle
Columbus, Ohio, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $1.02 million of 0% barrier securities due Aug. 5, 2025 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 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 154% of the worst performing index if all three underliers finish above their initial levels.
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 Nasdaq-100
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Amount: | $1.02 million
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Maturity: | Aug. 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 154% 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: | 26,428.32 for Dow, 1,480.427 for Russell, 10,905.88 for Nasdaq
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Barrier levels: | 18,499.824 for Dow, 1,036.299 for Russell, 7,634116 for Nasdsaq; 70% of initial levels
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 4.125%
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Cusip: | 17328WDS4
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