Published on 3/29/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $3.14 million market-linked notes on Citi Dynamic Asset
By William Gullotti
Buffalo, N.Y., March 29 – Citigroup Global Markets Holdings Inc. priced $3.14 million of 0% market-linked notes due Sept. 27, 2024 linked to the Citi Dynamic Asset Selector 5 Excess Return 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 1.6 times any index gain. Otherwise, investors will receive par.
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: | Market-linked notes
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Underlying index: | Citi Dynamic Asset Selector 5 Excess Return index
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Amount: | $3,136,000
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Maturity: | Sept. 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.6 times any index gain; otherwise, par
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Initial level: | 227.3
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Pricing date: | March 24
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Settlement date: | March 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17330AVU3
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