Published on 1/9/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.04 million 7.25% contingent coupon autocalls on Dow, Russell, Nasdaq
By Susanna Moon
Chicago, Jan. 9 – Citigroup Global Markets Holdings Inc. priced $1.04 million of autocallable contingent coupon equity linked securities due Dec. 27, 2023 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 7.25% 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 determination date.
The payout at maturity will be par unless any underlying asset ever closes below its 60% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing fund.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Global Markets Inc.
|
Issue: | Autocallable contingent coupon equity linked securities
|
Underlying assets: | Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
|
Amount: | $1,042,000
|
Maturity: | Dec. 27, 2023
|
Coupon: | 7.25% annualized, payable monthly if each asset closes at or above 70% coupon barrier on observation date for that month
|
Price: | Par
|
Payout at maturity: | If each asset never closes below trigger level, par; otherwise, 1% loss for each 1% decline of worse performing asset
|
Call: | At par if each asset closes at or above its initial level on any determination date
|
Initial levels: | 1,292.086 for Russell, 22,445.37 for Dow and 6,046.557 for Nasdaq
|
Coupon barriers: | 904.46 for Russell, 15,711.759 for Dow and 4,232.59 for Nasdaq, 70% of initial levels
|
Trigger levels: | 775.252 for Russell, 13,467.222 for Dow and 3,627.934 for Nasdaq, 60% of initial levels
|
Pricing date: | Dec. 21
|
Settlement date: | Dec. 27
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 4.125%
|
Cusip: | 17326YHR0
|
|
|
|
|
© 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.