Published on 2/14/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $724,000 contingent coupon autocallables on Nasdaq, Russell, Dow
By Marisa Wong
Morgantown, W.Va., Feb. 14 – Citigroup Global Markets Holdings Inc. priced $724,000 of autocallable contingent coupon equity linked securities due Feb. 13, 2024 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
The notes will pay a contingent quarterly coupon at an annual rate of 8% if each underlying asset closes at or above its 70% coupon barrier on the related quarterly observation date.
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 level, in which case investors will be fully exposed to any losses of the worst performing index.
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: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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| Amount: | $724,000
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| Maturity: | Feb. 13, 2024
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| Coupon: | 8% annualized, payable each quarter that each asset closes at or above coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | If each asset finishes at or above final barrier 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 valuation date after one year
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| Initial levels: | 25,106.33 for Dow, 1,506.394 for Russell and 6,913.130 for Nasdaq
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| Coupon barriers: | 17,574.431 for Dow, 1,054.476 for Russell and 4,839.191 for Nasdaq, 70% of initial levels
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| Final barrier levels: | 15,063.798 for Dow, 903.836 for Russell and 4,147.878 for Nasdaq, 60% of initial levels
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.125%
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| Cusip: | 17326YD37
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