Published on 4/14/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.46 million buffer securities linked to Stoxx index, EAFE ETF
By Wendy Van Sickle
Columbus, Ohio, April 14 – Citigroup Global Markets Holdings Inc. priced $1.46 million of 0% buffer securities due April 9, 2024 linked to the iShares MSCI EAFE ETF and 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 2.09 times any positive return of the laggard underlier.
If the laggard underlier falls by up to 5%, the payout will be par. Investors will be exposed to declines in the laggard underlier beyond 5%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying assets: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
|
| Amount: | $1,456,000
|
| Maturity: | April 9, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.09 times any positive return of laggard underlier; par if laggard underlier falls by up to 5%; lose 1% for every 1% decline of laggard underlier beyond 5%
|
| Initial levels: | $74.59 for ETF, 3,951.12 for Stoxx
|
| Buffer levels: | $70.861 for ETF, 3,753.564 for Stoxx; 95% of initial levels
|
| Pricing date: | April 4
|
| Settlement date: | April 7
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.8%
|
| Cusip: | 17330F7C9
|
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