E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 11/19/2020 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $142,000 PLUS due 2022 tied to Euro Stoxx 50

By Cady Vishniac

Detroit, Nov. 19 – Citigroup Global Markets Holdings Inc. priced $142,000 of 0% Performance Leveraged Upside Securities due March 3, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index gain, subject to a maximum return of 16.5%. If the index return is negative, investors will be fully exposed to the decline.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Performance Leveraged Upside Securities
Underlying index:Euro Stoxx 50
Amount:$142,000
Maturity:March 3, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 300% of index return, capped at par p lus 16.5%; if index declines, full exposure to decline
Initial index level:3,432.07
Pricing date:Nov. 13
Settlement date:Nov. 18
Agent:Citigroup Global Markets Inc.
Distribution:Morgan Stanley Wealth Management
Fees:2.25%
Cusip:17328L250

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.