Published on 2/14/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $8.88 million enhanced barrier digital plus notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – Citigroup Global Markets Holdings Inc. priced $8.88 million of 0% enhanced barrier digital securities due May 12, 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.
If the final index level is greater than or equal to the barrier level, 70% of the initial index level, the payout at maturity will be par plus 7.5%. Otherwise, investors will lose 1% for each 1% index decline from the initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced barrier digital securities
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| Underlying index: | S&P 500
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| Amount: | $8.88 million
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| Maturity: | May 12, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above barrier level, par plus 7.5%; otherwise, 1% loss for each 1% index decline from initial level
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| Initial level: | 4,587.18
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| Barrier level: | 3,211.026, 70% of initial level
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.45%
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| Cusip: | 17330ADF6
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