Published on 7/7/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $316,000 autocallable securities on Dow, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, July 7 – Citigroup Global Markets Holdings Inc. priced $316,000 of 0% autocallable securities due June 30, 2025 linked to the worst performing of the Dow Jones industrial average and the 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 a premium of 8% a year if each asset closes at or above its call level on any quarterly call valuation date after one year. The call level for each index will be 100% of its initial level.
If each index finishes above its initial level, the payout at maturity will be par plus 40%.
If the least performing index falls by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Dow Jones industrial average, Nasdaq-100 index
|
| Amount: | $316,000
|
| Maturity: | June 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 40%; if least performing index falls by up to 40%, par; otherwise, 1% loss for every 1% that the worst performing index declines
|
| Call: | At par plus a premium of 8% per year if each asset closes at or above its call value on any quarterly call valuation date after one year; call levels will be equal to initial levels
|
| Initial levels: | 10,101.83 for Nasdaq, 25,745.6 for Dow
|
| Trigger levels: | 6,061.098 for Nasdaq, 15,447.36 for Dow; 60% of initial values
|
| Pricing date: | June 26
|
| Settlement date: | July 1
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17328VJT8
|
|
|
© 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.
