Published on 2/5/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $110,000 buffer securities linked to MSCI USA Women’s Leadership
By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – Citigroup Global Markets Holdings Inc. priced $110,000 of 0% buffer securities due Feb. 2, 2023 linked to the MSCI USA Women’s Leadership 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 double any index gain up to a 20.25% maximum return. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Buffer securities
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Underlying index: | MSCI USA Women’s Leadership
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Amount: | $110,000
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Maturity: | Feb. 2, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain up to 20.25% maximum return; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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Initial level: | 1,464.56
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Buffer level: | 1,318.104, 90% of initial level
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17327TC20
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