Published on 11/26/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $765,000 autocallable securities on Russell, S&P, Nasdaq
By Kiku Steinfeld
Chicago, Nov. 29 – Citigroup Global Markets Holdings Inc. priced $765,000 of 0% autocallable securities due Aug. 16, 2024 tied to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 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 semiannual valuation date after one year, the notes will be called at par plus a yearly call premium of 10%.
If each index finishes at or above its initial level, the payout at maturity will be par plus 30%.
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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying indexes: | Russell 2000 index, S&P 500 index, Nasdaq-100 index
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| Amount: | $765,000
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| Maturity: | Aug. 16, 2024
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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 its initial level, par plus 30%; 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
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| Call: | If each index closes at or above its initial level on any semiannual valuation date after one year, the notes will be called at par plus yearly call premium of 10%
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| Initial levels: | 4,468.00 for S&P, 2,223.108 for Russell, 15,136.68 for Nasdaq
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| Barrier levels: | 3,127.600 for S&P, 1,556.176 for Russell; 10,595.676 for Nasdaq; 70% of initial levels
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| Pricing date: | Aug. 13
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| Settlement date: | Aug. 18
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.9%
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| Cusip: | 17329QJQ4
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