Published on 10/15/2021 in the Prospect News Structured Products Daily.
New Issue: Citi sells $500,000 barrier securities on Dow, Nasdaq, Russell
By Wendy Van Sickle
Columbus, Ohio, Oct. 15 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due July 28, 2026 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus 1.3 times the return of the least performing index.
If the worst performing index declines but finishes at or above its 60% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the 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: | Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average
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| Amount: | $500,000
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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 the worst performing index finishes at or above its initial level, par plus 1.3 times the return of the least performing index; if the worst performing index falls by up to barrier level, par; otherwise, full exposure to decline of the least performing index from its initial level
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| Initial levels: | 35,061.55 for Dow, 15,111.79 for Nasdaq, 2,209.649 for Russell
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| Barrier levels: | 21,036.93 for Dow, 9,067.074 for Nasdaq, 1,325.789 for Russell; 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.
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| Fees: | 3.5%
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| Cusip: | 17329QGV6
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