Published on 12/19/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $10 million autocallable securities on S&P, four stocks
Chicago, Dec. 19 – Citigroup Global Markets Holdings Inc. priced $10 million of 0% autocallable securities due Dec. 9, 2024 linked to the worst performing of the S&P 500 index and the common stocks of Walt Disney Co., salesforce.com, inc., Starbucks Corp. and Constellation Brands, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
The notes are called at par plus a premium of 14.85% per year if each asset closes at or above its initial level on any annual call valuation date.
The payout at maturity will be the 74.25% premium applicable to that valuation date if the worst performing asset closes above 50% of its initial value.
Investors will be exposed to losses of the worst performing asset if it falls by more than 50%.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable securities
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| Underlying assets: | Walt Disney Co., salesforce.com, inc., Starbucks Corp., Constellation Brands, Inc., S&P 500 index
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| Amount: | $10 million
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| Maturity: | Dec. 9, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 74.25% call premium if worst performing asset finishes above 50% of initial level; otherwise exposure to losses of worst performing asset
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| Call: | At par plus a premium of 14.85% per year if each asset closes at or above initial value on any annual call valuation date
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| Initial values: | $148.28 for Disney, $156.43 for salesforce.com, $85.40 for Starbucks, $184.29 for Constellation Brands, 3,112.76 for S&P
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| Trigger values: | $74.14 for Disney, $78.215 for salesforce.com, $42.70 for Starbucks, $92.145 for Constellation Brands, 1,556.380 for S&P; 50% of initial values
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| Pricing date: | Dec. 5
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| Settlement date: | Dec. 10
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17327T4G8
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