Published on 9/21/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $216,000 autocallable securities on Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Sept. 21 – Citigroup Global Markets Holdings Inc. priced $216,000 of 0% autocallable securities due July 6, 2023 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, 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 8% per year if each asset closes at or above its initial level on any annual valuation date.
If the notes are not called and the worst performing index closes at or above its initial value, the payout will be par plus 16%.
If the worst performing index falls but finishes at or above its 70% trigger level, the payout will be par. Otherwise, investors will be exposed to losses of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
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: | Dow Jones industrial average, Russell 2000 index
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Amount: | $216,000
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Maturity: | July 6, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 16% if worst performing asset finishes at or above initial level; par if worst performing index falls but finishes at or above its trigger level; otherwise, full exposure to losses of worst performer
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Call: | At par plus 8% per year if each asset closes at or above its initial value on any annual valuation date
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Initial values: | 34,502.51 for Dow, 2,310.549 for Russell
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Trigger values: | 24,151.757 for Dow, 1,617.384 for Russell; 70% of initial values
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Pricing date: | June 30
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Settlement date: | July 1
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.8%
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Cusip: | 17329FPD0
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