Published on 6/1/2020 in the Prospect News Structured Products Daily.
New Issue: Citi prices $560,000 upturn securities tied to three indexes
By Kiku Steinfeld
Chicago, June 1 – Citigroup Global Markets Holdings Inc. priced $560,000 of 0% upturn securities due May 30, 2025 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 215% of the gain of the least performing index.
Investors will be exposed to any losses of the least performing index.
The notes are guaranteed by Citigroup Inc.
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: | Upturn securities
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $560,000
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Maturity: | May 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 215% of gain of least performing index; 1% loss per 1% decline of least performing index
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Initial levels: | 25,548.27 for Dow, 1,436.358 for Russell, 3,036.13 for S&P
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Pricing date: | May 27
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Settlement date: | June 1
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17328VNY2
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