Published on 2/23/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3 million step down trigger autocallables on S&P, Russell, Stoxx
By William Gullotti
Buffalo, N.Y., Feb. 23 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% step down trigger autocallable notes due Feb. 21, 2025 linked to the performance of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus 10.35% per year if each index closes at or above its initial level on any quarterly observation date after one year or finishes at or above its downside threshold, the final valuation date. The downside threshold for each index is 75% of its initial level.
If the notes are not subject to an automatic call, investors will be exposed to the decline of the lesser-performing index from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Step down trigger autocallable notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index, Euro Stoxx 50 index
|
| Amount: | $3 million
|
| Maturity: | Feb. 21, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Full exposure to decline of lesser-performing index from initial level
|
| Call: | Automatically at par plus 10.35% per year if each index closes at or above initial level on any quarterly valuation date after one year, or finishes at or above downside threshold
|
| Initial levels: | 4,475.01 for S&P, 2,079.311 for Russell, 4,137.22 for Stoxx
|
| Downside thresholds: | 3,356.26 for S&P, 1,559.483 for Russell, 3,102.92 for Stoxx; 75% of initial levels
|
| Pricing date: | Feb. 16
|
| Settlement date: | Feb. 22
|
| Underwriters: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
|
| Fees: | 1%
|
| Cusip: | 17330L504
|
|
|
© 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.
