Published on 8/19/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1 million equity-linked securities on three stocks
By Wendy Van Sickle
Columbus, Ohio, Aug. 19 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due Aug. 18, 2022 tied to the least performing of the shares of Anheuser-Busch InBev SA/NV, PepsiCo, Inc. and Constellation Brands, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 10.55% per year, payable monthly.
If the final level of each asset is at least as great as 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% loss of the worst-performing asset.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Equity-linked securities
|
Underlying assets: | Anheuser-Busch InBev SA/NV, PepsiCo, Inc. and Constellation Brands, Inc.
|
Amount: | $1 million
|
Maturity: | Aug. 18, 2022
|
Coupon: | 10.55%, payable monthly
|
Price: | Par
|
Payout at maturity: | If the final level of each asset is at least as great as 70% of its initial level, par; otherwise, investors will lose 1% for each 1% loss of the worst-performing asset
|
Initial levels: | $56.93 for Anheuser-Busch, $137.80 for Pepsi, $175.50 for Constellation
|
Buffer levels: | $39.851 for Anheuser-Busch, $96.46 for Pepsi, $122.85 for Constellation, 70% of initial levels
|
Pricing date: | Aug. 13
|
Settlement date: | Aug. 18
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.4%
|
Cusip: | 17328WLW6
|
|
|
© 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.