Published on 7/29/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $265,000 autocallable securities on three indexes
By Wendy Van Sickle
Columbus, Ohio, July 29 – Citigroup Global Markets Holdings Inc. priced $265,000 of 0% autocallable securities due July 29, 2025 linked to the worst performing of the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a premium of 11% a year if each asset closes at or above its initial level on any annual call valuation date.
If each index finishes at or above its trigger level, 70% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable securities
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Underlying assets: | Nasdaq-100 index, Dow Jones industrial average, S&P 500 index
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Amount: | $265,000
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Maturity: | July 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above trigger level, par; otherwise, 1% loss for every 1% that the worst performing index declines
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Call: | At par plus a premium of 11% per year if each asset closes at or above its initial value on any annual call valuation date
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Initial levels: | 26,469.89 for Dow, 3,215.63 for S&P, 10,483.13 for Nasdaq
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Trigger levels: | 18,528.923 for Dow, 2,250.941 for S&P, 7,338.191 for Nasdaq; 70% of initial values
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Pricing date: | July 24
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Settlement date: | July 29
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17328W4D7
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