Published on 1/4/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $200,000 contingent coupon autocalls on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – Citigroup Global Markets Holdings Inc. priced $200,000 of autocallable contingent coupon equity-linked securities due July 2, 2020 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.5% if each index closes at or above its 70% coupon barrier on the valuation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any review date after six months.
The payout at maturity will be par unless either index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $200,000
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| Maturity: | July 2, 2020
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| Coupon: | 8.5% annualized, payable quarterly if each index closes at or above 70% coupon barrier on valuation date for that quarter
|
| Price: | Par
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| Payout at maturity: | If each index closes above 70% trigger, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any quarterly review date beginning in June 2019
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| Initial levels: | 2,488.83 for S&P, 1,331.817 for Russell
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| Coupon barriers: | 1,742.181 for S&P, 932.272 for Russell, 70% of initial levels
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| Trigger levels: | 1,742.181 for S&P, 932.272 for Russell, 70% of initial levels
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| Pricing date: | Dec. 27
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| Settlement date: | Jan. 2
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.875%
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| Cusip: | 17326YK70
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