Published on 6/24/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $3.03 million barrier securities on Euro Stoxx 50
By Kiku Steinfeld
Chicago, June 24 – Citigroup Global Markets Holdings Inc. priced $3.03 million of 0% barrier securities due June 15, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The payout at maturity will be par plus 300% of any index gain, subject to a maximum payout of par plus 102%.
If the index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the 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 index: | Euro Stoxx 50
|
Amount: | $3,025,000
|
Maturity: | June 15, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes above initial level, par plus 300% of the index gain, subject to a maximum payout of par plus 102%; if the index falls by up to 30%, par; otherwise, full exposure to the decline of the index from its initial level
|
Initial level: | 4,096.07
|
Barrier level: | 2,867.249, 70% of initial level
|
Pricing date: | June 10
|
Settlement date: | June 15
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 3.25%
|
Cusip: | 17329FUV4
|
|
© 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.