Published on 6/19/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $612,000 barrier securities on Russell, S&P, Dow
By Kiku Steinfeld
Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $612,000 of 0% barrier securities due May 27, 2026 linked to the least 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 will be guaranteed by Citigroup Inc.
If each index finishes at or above its initial level, payout will be par plus 1.65 times the return of the least-performing index.
If the least-performing index finishes below its initial level but at or above its final barrier level, 70% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
|
| Amount: | $612,000
|
| Maturity: | May 27, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 1.65 times the gain of the least-performing index; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
|
| Initial levels: | 2,215.268 for Russell, 4,155.86 for S&P, 34,207.84 for Dow
|
| Final barrier levels: | 1,550.688 for Russell, 2,909.102 for S&P, 23,945.488 for Dow; 70% of initial levels
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17329FFQ2
|
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