Published on 10/14/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $3.61 million enhanced barrier digital securities on Dow, S&P, Russell
By William Gullotti
Buffalo, N.Y., Oct. 14 – Citigroup Global Markets Holdings Inc. priced $3.61 million of 0% enhanced barrier digital securities due Nov. 14, 2022 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final level of each index is greater than or equal to 70% of its initial level, the payout at maturity will be par plus 6.8%.
If any index falls by more than 30%, the payout will be par plus the return of the worst performing index with full exposure to losses.
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: | Enhanced barrier digital securities
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Underlying indexes: | S&P 500 index, Dow Jones industrial average
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Amount: | $3,608,000
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Maturity: | Nov. 14, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of each index is greater than 70% of its initial level, par plus 6.8%; otherwise, lose 1% for every 1% decline of the worst performer from its initial level
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Initial levels: | 34,746.25 for Dow, 4,391.34 for S&P, 2,233.089 for Russell
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Barrier levels: | 24,322.375 for Dow, 3,073.938 for S&P, 1,563.162 for Russell; 70% of initial levels
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Pricing date: | Oct. 8
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Settlement date: | Oct. 14
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.43%
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Cusip: | 17329QYH7
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