Published on 12/17/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $4.25 million autocallable securities on three indexes
By Sarah Lizee
Olympia, Wash., Dec. 17 – Citigroup Global Markets Holdings Inc. priced $4.25 million of 0% autocallable securities due Dec. 18, 2023 linked to the S&P 500 index, the Russell 2000 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 its initial level on any valuation date other than the final one, the notes will be called at par plus a premium of 9.55% per year.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 47.75%.
If any index falls but none finish below the 60% trigger 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 agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | S&P 500, Russell 2000, Dow Jones Industrial Average
|
| Amount: | $4,246,000
|
| Maturity: | Dec. 18, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 47.75%; if any index falls but each finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of the worst performing index from its initial level
|
| Call: | Automatically at par plus annualized premium of 9.55% if each index closes at or above its initial level on any valuation date other than the final one
|
| Initial levels: | 2,650.54 for S&P, 1,432.700 for Russell, 24,597.38 for Dow
|
| Triggers: | 1,590.324 for S&P, 859.620 for Russell, 14,758.428 for Dow; 60% of initial levels
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 18
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 4.175%
|
| Cusip: | 17326YDS2
|
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