Published on 1/7/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $2.75 million autocallable barrier securities on Dow, Nasdaq, S&P
Chicago, Jan. 7 – Citigroup Global Markets Holdings Inc. priced $2.75 million of 0% autocallable barrier securities due April 6, 2026 linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus an annualized 11.35% premium if all indexes finish above their initial levels on any semiannual call observation date.
If the notes are not called and all indexes close above their initial levels, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes above 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable barrier securities
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, S&P 500 index
|
| Amount: | $2,754,000
|
| Maturity: | April 6, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish positive, par plus return of worst performer; par if at least one index declines but worst performer finishes above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index
|
| Call: | At par plus annualized premium of 11.35% if each index finishes above initial level on any semiannual call observation date
|
| Initial levels: | 32,981.55 for Dow, 13,091.44 for Nasdaq, 3,972.89 for S&P
|
| Trigger levels: | 23,087.085 for Dow, 9,164.008 for Nasdaq, 2,781.023 for S&P; 70% of initial levels
|
| Pricing date: | March 31
|
| Settlement date: | April 6
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17329FBQ6
|
© 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.
