Published on 6/23/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $381,000 leveraged market-linked notes on S&P 500
By Kiku Steinfeld
Chicago, June 23 – Citigroup Global Markets Holdings Inc. priced $381,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Sept. 16, 2022 linked to the S&P 500 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 125% of any index gain, capped at par plus 6%. If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 10%.
Citigroup Global Markets Inc.is the underwriter and Wells Fargo Securities, LLC is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying index: | S&P 500
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| Amount: | $381,000
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| Maturity: | Sept. 16, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 125% of any index gain, capped at par plus 6%; if the index falls by up to 10%, par; otherwise, investors will lose 1% for every 1% decline of the index beyond 10%
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| Initial index level: | 4,247.44
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| Buffer value: | 3,822.696, 90% of initial level
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| Pricing date: | June 11
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| Settlement date: | June 16
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| Underwriter: | Citigroup Global Markets Inc. with Wells Fargo Securities, LLC as agent
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| Fees: | 1.97%
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| Cusip: | 17329FUQ5
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