Published on 10/31/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.35 million autocallable securities on three indexes
By Wendy Van Sickle
Columbus, Ohio, Oct. 31 – Citigroup Global Markets Holdings Inc. priced $2.35 million of 0% autocallable securities due Oct. 25, 2024 linked to the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index closes at or above its initial level on any annual valuation date, the notes will be called at par plus a premium of 12.25% a year.
If each index finishes at or above its initial level the payout will be par plus 61.25%. If the least performing index falls but not below the trigger level, 70% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Autocallable securities
|
Underlying indexes: | S&P 500, Nasdaq-100, Dow Jones industrial average
|
Amount: | $2,351,000
|
Maturity: | Oct. 25, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level par plus 61.25%; if any index falls but not below trigger level, par; otherwise, 1% loss for each 1% decline of the worst performing index from its initial level
|
Call: | Automatically at par plus an annualized premium of 12.25% if each index closes at or above its initial level on any annual valuation date
|
Initial levels: | 3,022.55 for S&P, 8,029.217 for Nasdaq, 26,958.06 for Dow
|
Trigger levels: | 2,115.785 for S&P, 5,620.452 for Nasdaq, 18,870.642 for Dow; 70% of initial levels
|
Pricing date: | Oct. 25
|
Settlement date: | Oct. 30
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1.125%
|
Cusip: | 17327TPD2
|
|
|
© 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.