Published on 3/18/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $738,000 barrier securities linked to the Dow
By Wendy Van Sickle
Columbus, Ohio, March 18 – Citigroup Global Markets Holdings Inc. priced $738,000 of 0% barrier securities due March 11, 2025 linked to the Dow Jones industrial average, 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 150% of any index gain up to a maximum of par plus 79.15%. If the index falls by up to 40%, the payout will be par. Otherwise, investors will be fully exposed to the index decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Barrier securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $738,000
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| Maturity: | March 11, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain up to par plus 79.15%; par if index falls by up to 40%; otherwise, full exposure to losses
|
| Initial level: | 25,864.78
|
| Barrier level: | 15.518.868, 60% of initial level
|
| Pricing date: | March 6
|
| Settlement date: | March 11
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17328V6N5
|
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