Published on 8/4/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $13.02 million barrier securities on Euro Stoxx Banks, Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – Citigroup Global Markets Holdings Inc. priced $13.02 million of 0% barrier securities due Aug. 6, 2027 linked to the worst performing of the Euro Stoxx Banks index and the Euro Stoxx 50 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 worse performing index is greater than or equal to its initial level, the payout at maturity will be par plus 271% of the return of that index.
If the final level of the worse performing index is less than its initial level but greater than or equal to its 60% barrier level, the payout will be par.
If the final level of the worse performing index is less than the 60% barrier level, investors will be fully exposed to the decline of the worse performing index.
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 indexes: | Euro Stoxx Banks, Euro Stoxx 50
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| Amount: | $13,015,000
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| Maturity: | Aug. 6, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of the worse performing index is greater than or equal to its initial level, par plus 271% of return of that index; if the final level of the worse performing index is less than its initial level but greater than or equal to its 60% barrier level, par; otherwise, full exposure to the decline of the worse performing index
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| Initial levels: | 461.74 for Euro Stoxx Banks, 4,089.3 for Euro Stoxx 50
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| Barrier levels: | 277.044 for Euro Stoxx Banks, 2,453.58 for Euro Stoxx 50; 60% of initial levels
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| Pricing date: | July 30
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| Settlement date: | Aug. 6
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17329QKZ2
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