Published on 1/8/2019 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1 million 7% contingent coupon autocalls on three indexes
By Susanna Moon
Chicago, Jan. 8 – Citigroup Global Markets Holdings Inc. priced $1.01 million of autocallable contingent coupon equity linked securities due Dec. 23, 2021 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes are called at par if each asset closes at or above its initial level on any determination date after six months.
The payout at maturity will be par unless any underlying asset loses below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst 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.
|
| Issue: | Autocallable contingent coupon equity linked securities
|
| Underlying assets: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
|
| Amount: | $1,005,000
|
| Maturity: | Dec. 23, 2021
|
| Coupon: | 7% annualized, payable quarterly if each asset closes at or above 70% coupon barrier on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | If each asset closes at or above trigger 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 determination date beginning in June 2019
|
| Initial levels: | 2,467.42 for S&P, 1,326.002 for Russell and 22,859.60 for Dow
|
| Coupon barriers: | 1,727.194 for S&P, 928.201 for Russell and 16,001.72 for Dow, 70% of initial levels
|
| Trigger levels: | 1,480.452 for S&P, 795.601 for Russell and 13,715.76 for Dow, 60% of initial levels
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.9%
|
| Cusip: | 17326YSE7
|
|
|
|
|
© 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.
