Published on 9/3/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $461,000 buffered digital securities on the Dow
By Wendy Van Sickle
Columbus, Ohio, Sept. 3 – Citigroup Global Markets Holdings Inc. priced $461,000 of 0% buffered digital securities due Sept. 1, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than or equal to 90% of the initial level, the payout at maturity will be par plus the digital return amount of 16.5%. Investors will be exposed to any losses beyond the 10% buffer.
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: | Buffered digital securities
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Underlying index: | Dow Jones industrial average
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Amount: | $461,000
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Maturity: | Sept. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to the buffer level, par plus 16.5%; exposure to any losses beyond the 10% buffer
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Initial level: | 25,777.9
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Buffer level: | 23,200.11, 90% of initial level
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Pricing date: | Aug. 27
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Settlement date: | Aug. 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17327TGE0
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