Published on 5/19/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $130,000 enhanced barrier digital plus notes on index basket
Chicago, May 19 – Citigroup Global Markets Holdings Inc. priced $130,000 of 0% enhanced barrier digital plus securities due Oct. 29, 2026 linked to the an equally weight basket comprised of the Euro Stoxx 50 index and the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the final level of the basket is greater than the 80% final barrier level, the payout at maturity will be par plus the greater of the basket return and 19%.
If the basket falls by more than 20%, the payout will be par plus the return of the basket with full exposure to losses.
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: | Enhanced barrier digital plus securities
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Underlying basket: | Euro Stoxx 50 index and Nikkei 225 index
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Amount: | $130,000
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Maturity: | Oct. 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of basket is greater than barrier level, par plus greater of basket return and 19%; if basket falls by more than barrier level, full exposure to losses of basket
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Initial levels: | 4,223.97 for Stoxx, 29,106.01 for Nikkei
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Barrier level: | 80% of initial level
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Pricing date: | Oct. 26, 2021
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Settlement date: | Oct. 29, 2021
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17329UFD8
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