Published on 10/1/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $530,000 autocallable securities on S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Oct. 1 – Citigroup Global Markets Holdings Inc. priced $530,000 of 0% autocallable securities due Sept. 22, 2026 tied to the S&P 500 index, the Nasdaq-100 index and the Russell 2000 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 its premium threshold value, 102% of its initial level, on any biannual call date after one year, the notes will be called at par plus a yearly premium of 10.25%.
If each index finishes at or above its premium threshold value, the payout at maturity will be par plus 51.25%.
If the least performing index finishes below its premium threshold value but not below its 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 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: | $530,000
|
| Maturity: | Sept. 22, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its premium threshold value, par plus 51.25%; if the least performing index finishes below its premium threshold value but not below its trigger level, par; otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level
|
| Call/premium threshold: | If each index closes at or above 102% of its initial level on any biannual call date after one year, par plus 10.25% per year
|
| Initial levels: | 2,236.871 for Russell, 4,432.99 for S&P, 15,333.47 for Nasdaq
|
| Triggers: | 1,565.810 for Russell, 3,103.093 for S&P; 10,733.429 for Nasdaq, 70% of initial levels
|
| Pricing date: | Sept. 17
|
| Settlement date: | Sept. 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17329QQ78
|
|
|
© 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.
