Published on 11/8/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $366,000 barrier securities linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $366,000 of 0% barrier securities due July 30, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 2.06 times any index gain. If the index falls by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.
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: | Barrier securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $366,000
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Maturity: | July 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.06 times any index gain; par if index falls by up to 25%; otherwise, full exposure to losses
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Initial level: | 4,064.83
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Barrier level: | 3,048.62, 75% of initial level
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Pricing date: | July 27
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Settlement date: | July 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17329Q6F2
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