Published on 1/12/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $814,000 barrier securities on Dow, Nasdaq, S&P
By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – Citigroup Global Markets Holdings Inc. priced $814,000 of 0% barrier securities due Jan. 2, 2026 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 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 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, 52.7% 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: | Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index
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Amount: | $814,000
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Maturity: | Jan. 2, 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 gain of the least-performing index; if any index falls but not more than 47.3%, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
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Initial levels: | 30,403.97 for Dow, 12,838.86 for Nasdaq and 3,735.36 for S&P
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Final barrier levels: | 16,022.82 for Dow, 6,766.079 for Nasdaq and 1,968.535 for S&P, 52.7% of initial levels
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 4.125%
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Cusip: | 17328YDT8
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