Published on 2/14/2020 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.64 million market-linked notes due 2022 tied to Nasdaq, Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – Citigroup Global Markets Holdings Inc. priced $1.64 million of 0% market-linked notes due Feb. 10, 2022 linked to the worst performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final level of the worst performing index is greater than the initial level, the payout at maturity will be par plus 104% of the return of that index.
If the final level of the worst performing index is less than or equal to the initial level, the payout will be par plus the return of that index, subject to a minimum payout of 90% of par.
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: | Market-linked notes
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Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average, Russell 2000 index
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Amount: | $1,644,000
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Maturity: | Feb. 10, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 104% of any gain of worst performing index; if worst performing index falls, exposure to first 10% of losses
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Initial index levels: | 29,379.77 for Dow, 9,445.916 for Nasdaq, 1,677.457 for Russell
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Pricing date: | Feb. 6
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Settlement date: | Feb. 11
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.9%
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Cusip: | 17327TT97
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