Published on 2/5/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $3.87 million contingent coupon autocalls on Nasdaq, Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – Citigroup Global Markets Holdings Inc. priced $3.87 million of autocallable contingent coupon equity linked securities due Feb. 5, 2024 linked to the worst performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9.25% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that month.
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 60% trigger, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by Citigroup Global Markets Inc.
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 contingent coupon equity linked securities
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| Underlying assets: | Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $3,874,000
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| Maturity: | Feb. 5, 2024
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| Coupon: | 9.25% annualized, payable monthly if each asset closes at or above 70% coupon barrier on observation date for that month
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| Price: | Par
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| Payout at maturity: | If each asset finishes above trigger level, par; otherwise, 1% loss for each 1% decline of worse performing asset
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| Call: | At par if each asset closes at or above its initial level on any quarterly call determination date after one year
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| Initial levels: | 24,999.67 for Dow, 1,499.419 for Russell and 6,906.839 for Nasdaq
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| Coupon barriers: | 17,499.769 for Dow, 1,049.593 for Russell and 4,834.787 for Nasdaq, 70% of initial levels
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| Trigger levels: | 14,999.802 for Dow, 899.651 for Russell and 4,144.103 for Nasdaq, 60% of initial levels
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.125%
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| Cusip: | 17326YU79
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