Published on 8/19/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.62 million autocallable securities on S&P, Russell, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, Aug. 19 – Citigroup Global Markets Holdings Inc. priced $1.62 million of 0% autocallable securities due June 20, 2024 tied to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, 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 quarterly valuation date after one year, the notes will be called at par plus an annualized premium of 9%.
If each index finishes at or above its initial level, the payout at maturity will be par plus 27%.
If the least performing index finishes below its initial level but not below the barrier level, 65% 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: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
|
| Amount: | $1,622,000
|
| Maturity: | June 20, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 27%; 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 quarterly valuation date after one year, the notes will be called at par plus an annualized premium of 9%
|
| Initial levels: | 2,314.691 for Russell, 13,983.01 for Nasdaq, 4,223.7 for S&P
|
| Barriers: | 1,504.549 for Russell, 9,088.957 for Nasdaq, 2,745.405 for S&P; 65% of initial levels
|
| Pricing date: | June 16
|
| Settlement date: | June 21
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17329FZ98
|
|
|
© 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.
