Published on 2/8/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $694,000 barrier securities linked to best of Stoxx Banks, S&P
Chicago, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $694,000 of 0% barrier securities due April 21, 2031 linked to the best performing of the S&P 500 index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the best performer finishes above its initial level, the payout at maturity will be par plus the return of that index.
If the best performer declines but finishes above 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the best performer.
The notes are guaranteed by JPMorgan Chase & Co.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | S&P 500 index, Euro Stoxx Banks index
|
| Amount: | $694,000
|
| Maturity: | April 21, 2031
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If best performer finishes above initial level, par plus return of that index; par if best performer declines but finishes above final barrier level; otherwise, full exposure to losses of best performer
|
| Initial levels: | 4,185.47 for S&P, 88.12 for Banks
|
| Final barrier levels: | 2,929.829 for S&P, 61.684 for Banks; 70% of initial levels
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 5%
|
| Cusip: | 17329F7E8
|
|
|
|
|
© 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.
