Published on 11/30/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $5.13 million autocallable securities linked to Russell, Nasdaq, S&P
By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $5.13 million of 0% autocallable securities due Nov. 24, 2025 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If each index closes at or above its initial level on any annual valuation date, the notes will be called at par plus a premium of 8% a year.
If each index finishes at or above its initial level, the payout at maturity will be par plus the 40% premium applicable to the maturity date.
If the least-performing index finishes below its initial level but does not falls by more than 35%, the payout will be par.
Otherwise, investors will fully participate in the losses of the worst performer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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| Amount: | $5,125,000
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| Maturity: | Nov. 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 40% premium applicable to the maturity date; par if least-performing index finishes below initial level but does not falls by more than 35%; otherwise full exposure to losses of worst performer
|
| Call: | Automatically at par plus an annualized premium of 8% if each index closes at or above its initial level on any annual call date
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| Initial levels: | 1,784.134 for Russell, 11,985.43 for Nasdaq, 3,581.87 for S&P
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| Buffer levels: | 1,159.687 for Russell, 7,790.53 for Nasdaq, 2,328.216 for S&P; 65% of initial levels
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| Pricing date: | Nov. 19
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| Settlement date: | Nov. 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
|
| Cusip: | 17328WSE9
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