Published on 2/14/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.17 million barrier securities on Dow, Russell, Nasdaq
By Taylor Fox
New York, Feb. 16 – Citigroup Global Markets Holdings Inc. priced $1.17 million of 0% barrier securities due Jan. 15, 2026 linked to the least performing of the Dow Jones industrial average, the Russell 200 index and the Nasdaq-100 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 149.4% of 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | Dow Jones industrial average, Russell 200 index and Nasdaq-100 index
|
| Amount: | $1,174,000
|
| Maturity: | Jan. 15, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 149.4% of the gain of the least-performing index; if any index falls but not more than 40%, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
|
| Initial index levels: | 31,068.69 for Dow, 12,892.09 for Nasdaq and 2,127.959 for Russell
|
| Final barrier levels: | 18,641.214 for Dow, 7,735.254 for Nasdaq and 1,276.775 for Russell; 60% of initial levels
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17328YA87
|
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