$20,000,000 Buffered Fixed Coupon Autocallable Equity Linked Securities due November 04, 2022, priced on November 01, 2021, were issued by Citigroup Global Markets Holdings Inc. The pricing supplement for this note (CUSIP: 17329T450) can be found here. The notes had a $10,000 face value and paid a fixed coupon of $112.91667 monthly so long as the notes had not been called. If not previously called, at maturity, the notes returned $10,000 in principal if and Tesla all closed on the final determination date on November 01, 2022 and above 0% of their November 01, 2021 closing prices. If on November 01, 2022 and Tesla closed below 0% of their November 01, 2021 closing prices, the notes paid reduced principal euqal to $10,000 multiplied by the lowest ratio of and Tesla November 01, 2022 closing prices to their November 01, 2021 closing prices. The notes have matured. They paid five coupons totaling $1,355.00000 and $5,655.02 repayment per $10,000 note. Investors thus suffered capital losses of $4,344.98 and net losses of $2,989.98.† In the aggregate, investors in this note suffered $8,689,960 in capital losses and $5,979,960 in net losses. See Table 1 and Figure 1.
For almost a quarter of a century, SLCG Economic Consulting, LLC ("SLCG") has been delivering consulting services to individuals, businesses, and both state and federal agencies, primarily focusing on finance and economics. The team at SLCG comprises experts with extensive academic and governmental backgrounds who actively engage in research that is often suitable for publication. SLCG is a wholly owned subsidiary of McCann Yan Holdings, Inc., a Virginia incorporated company based in Northern Virginia.