Published on 6/5/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $860,000 contingent coupon autocallables on indexes
By Sarah Lizee
Olympia, Wash., June 5 – Citigroup Global Markets Holdings Inc. priced $860,000 of autocallable contingent coupon equity linked securities due June 4, 2029 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
Each month, the notes will pay a contingent coupon at an annual rate of 6.5% if each underlying asset closes at or above its 75% coupon barrier on the observation date for that period.
The notes are called at par if each asset closes at or above its initial level on any quarterly call determination date after one year.
The payout at maturity will be par unless any underlying asset finishes below its 50% barrier level, in which case investors will be fully exposed to any losses of the worst performing asset.
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: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
|
| Amount: | $860,000
|
| Maturity: | June 4, 2029
|
| Coupon: | 6.5% annualized, payable each month that each asset closes at or above coupon barrier on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below final barrier level, in which case 1% loss for each 1% decline of worst performing index
|
| Call: | At par if each asset closes at or above its initial level on any quarterly call determination date after one year
|
| Initial levels: | 25,169.88 for Dow, 1,485.531 for Russell, 7,245.403 for Nasdaq
|
| Coupon barriers: | 18,877.410 for Dow, 1,114.148 for Russell, 5,434.052 for Nasdaq; 75% of initial levels
|
| Final barrier levels: | 12,584.940 for Dow, 742.766 for Russell, 3,622.702 for Nasdaq; 50% of initial levels
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 4.25%
|
| Cusip: | 17326YR57
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