Published on 1/29/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.81 million contingent coupon autocalls on Dow, Russell, Nasdaq
By Sarah Lizee
Olympia, Wash., Jan. 29 – Citigroup Global Markets Holdings Inc. priced $1.81 million of autocallable contingent coupon equity linked securities due Jan. 30, 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 quarterly coupon at an annual rate of 9.05% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes are called at par if each asset closes at or above its initial level on any determination date beginning January 2020.
The payout at maturity will be par unless any underlying asset ever closes below its 50% trigger level during the life of the notes, 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.
|
| 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: | $1,813,000
|
| Maturity: | Jan. 30, 2024
|
| Coupon: | 9.05% annualized, payable quarterly if each asset closes at or above 70% coupon barrier on observation date for that quarter
|
| 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 starting January 2020
|
| Initial levels: | 1,482.853 for Russell, 24,737.20 for Dow and 6,787.372 for Nasdaq
|
| Coupon barriers: | 1,037.997 for Russell, 17,316.040 for Dow and 4,751.160 for Nasdaq, 70% of initial levels
|
| Trigger levels: | 741.427 for Russell, 12,368.600 for Dow and 3,393.686 for Nasdaq, 50% of initial levels
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17326YDQ6
|
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