Published on 8/15/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $500,000 buffer securities linked to Stoxx index, EAFE ETF
Chicago, Aug. 15 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% buffer securities due Dec. 26, 2025 linked to the worst performing of 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 170% of any positive return of the laggard underlier.
If the laggard underlier falls by up to 20%, the payout will be par. Investors will be exposed to declines in the laggard underlier beyond 20%.
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: | $500,000
|
| Maturity: | Dec. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 170% of any positive return of laggard underlier; par if laggard underlier falls by up to 20%; lose 1% for every 1% decline of laggard underlier beyond 20%
|
| Initial levels: | $77.33 for ETF, 4,174.99 for Stoxx
|
| Buffer levels: | $61.864 for ETF, 3,339.992 for Stoxx; 80% of initial levels
|
| Pricing date: | Dec. 21, 2021
|
| Settlement date: | Dec. 27, 2021
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17329UPF2
|
|
|
|
|
© 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.
