Published on 10/15/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1 million barrier securities on MSCI Emerging Markets, Stoxx 50
By William Gullotti
Buffalo, N.Y., Oct. 15 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% barrier securities due July 28, 2026 linked to the least performing of the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index finishes at or above its initial level, payout will be par plus 2.05 times the return of the least-performing index.
If the least-performing index finishes below its initial level but at or above its final barrier level, 60% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.
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: | Barrier securities
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| Underlying indexes: | MSCI Emerging Markets index, Euro Stoxx 50 index
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| Amount: | $1,000,000
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| Maturity: | July 28, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus 2.05 times the gain of the least-performing index; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
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| Initial levels: | 1,311.3 for MSCI EM, 4,109.1 for Stoxx
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| Final barrier levels: | 786.78 for MSCI EM, 2,465.46 for Stoxx; 60% of initial levels
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| Pricing date: | July 23
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| Settlement date: | July 28
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
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| Cusip: | 17329QA59
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