Published on 10/2/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.89 million contingent coupon autocalls on indexes
By Sarah Lizee
Olympia, Wash., Oct. 2 – Citigroup Global Markets Holdings Inc. priced $1.89 million of autocallable contingent coupon equity-linked securities due Oct. 2, 2023 linked to the worst performing of the Russell 2000 index, the Nasdaq-100 index and the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 5.4% if each underlying asset closes at or above its 70% coupon barrier on the observation date.
The notes will be called at par if each asset closes at or above its initial level on any monthly autocall date after one year.
The payout at maturity will be par unless any underlying finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing asset.
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.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying assets: | Russell 2000 index, Nasdaq-100 index and Dow Jones Industrial Average
|
| Amount: | $1,893,000
|
| Maturity: | Oct. 2, 2023
|
| Coupon: | 5.4% annualized, payable monthly if each asset closes at or above 70% coupon barrier on observation date
|
| Price: | Par
|
| Payout at maturity: | If each finishes above barrier level, par; otherwise, 1% loss for each 1% decline of worst performing asset
|
| Call: | At par if each asset closes at or above its initial level on any monthly autocall date after one year
|
| Initial levels: | 1,690.526 for Russell, 26,439.93 for Dow, 7,629.572 for Nasdaq
|
| Coupon barriers: | 1,183.368 for Russell, 18,507.951 for Dow, 5,340.700 for Nasdaq, 70% of initial levels
|
| Barriers: | 1,014.316 for Russell, 15,863.958 for Dow, 4,577.743 for Nasdaq, 60% of initial levels
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 2
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 4.125%
|
| Cusip: | 17326YYT7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
