Published on 2/17/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.54 million autocallable securities on Dow, Russell, S&P
By Kiku Steinfeld
Chicago, Feb. 17 – Citigroup Global Markets Holdings Inc. priced $2.54 million of 0% autocallable securities due Feb. 9, 2026 linked to the worst performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
The notes will be called at par plus a premium of 8.15% per year if each asset closes at or above its initial level on any annual call valuation date.
The payout at maturity will be par plus 40.75% if the worst performing index closes above its initial value.
Investors will receive par if the worst performing index falls but not below its 65% trigger level.
Otherwise, investors will be exposed to losses of the worst performing index.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Dow Jones industrial average, Russell 2000 index, S&P 500 index
|
| Amount: | $2,543,000
|
| Maturity: | Feb. 9, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 40.75% if worst performing asset finishes above its initial level; par if worst performing asset finishes below its initial value but above trigger level; otherwise exposure to losses of worst performing index
|
| Call: | At par plus a premium of 8.15% per year if each asset closes at or above its initial value on any annual call valuation date
|
| Initial values: | 3,871.74 for S&P, 31,055.86 for Dow, 2,202.418 for Russell
|
| Trigger values: | 2,516.631 for S&P, 20,186.309 for Dow, 1,431.572 for Russell, 65% of initial levels
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 9
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.125%
|
| Cusip: | 17328YKF0
|
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