Published on 9/15/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $450,000 buffer securities on S&P 500
By Kiku Steinfeld
Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $450,000 of 0% buffer securities due Dec. 22, 2023 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 two times any index gain, up to a maximum payout of par plus 19%.
Investors will receive par if the index falls by up to 10% and will lose 1% per 1% drop beyond 10%.
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: | Buffer securities
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| Underlying index: | S&P 500 index
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| Amount: | $450,000
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| Maturity: | Dec. 22, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus two times any index gain, capped at par plus 19%; par if the index falls by up to 10%; 1% loss per 1% drop beyond 10%
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| Initial level: | 4,266.49
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| Buffer level: | 3,839.841, 90% of initial level
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| Strike date: | June 24
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17329FSG0
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