Published on 7/21/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $340,000 autocallable securities on Nasdaq, Dow
By Wendy Van Sickle
Columbus, Ohio, July 21 – Citigroup Global Markets Holdings Inc. priced $340,000 of 0% autocallable securities due June 2, 2023 tied to the performance of 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 of its initial level on any annual valuation date, the notes will be called at par plus an annual premium of 8.25%.
If each index finishes at or above its initial level, the payout at maturity will be par plus 16.5%.
If the least performing index finishes below its initial level but not below the barrier 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 underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average
|
| Amount: | $340,000
|
| Maturity: | June 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 16.5%; if the least performing index finishes below its initial level but not below the barrier level, par; otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level
|
| Call: | If each index closes at or above its initial level on any annual valuation date, the notes will be called at par plus an annual premium of 8.25%
|
| Initial levels: | 34,464.64 for Dow, 13,657.85 for Nasdaq
|
| Barriers: | 24,125.248 for Dow, 9,560.4195 for Nasdaq; 70% of initial levels
|
| Pricing date: | May 30
|
| Settlement date: | June 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.8%
|
| Cusip: | 17329FFN9
|
|
|
© 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.
