Published on 10/23/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.5 million autocallable jump securities on three indexes
Chicago, Oct. 23 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% jump securities with autocallable feature due Oct. 12, 2023 linked to the worst performing of the S&P 500 index, the Euro Stoxx Banks index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus an annual premium of 18.25% if each index closes at or above its initial level on any quarterly review date starting Oct. 16, 2020.
The payout at maturity will be par plus 73% if each index finishes at or above 75% of its initial level. If the worst performing index declines by more than 25%, investors will be fully exposed to the decline of that index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | S&P 500 index, Euro Stoxx Banks and Nasdaq-100 index
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| Amount: | $1,504,000
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| Maturity: | Oct. 12, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus an annual premium of 18.25% if each index closes at or above its initial level on any quarterly review date starting Oct. 16, 2020
|
| Payout at maturity: | Par plus 73% if each index finishes at or above 75% of its initial level; if the worst performing index declines by more than 25%, full exposure to the decline of that index
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| Initial levels: | 2,919.40 for S&P, 83.15 for Stoxx Banks, 7,690.529 for Nasdaq
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| Downside thresholds: | 2,189.550 for S&P, 62.363 for Stoxx Banks, 5,767.897 for Nasdaq; 70% of initial levels
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| Pricing date: | Oct. 9
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| Settlement date: | Oct. 15
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17327P856
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