Published on 5/3/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $5.67 million autocallable securities on S&P, Russell, Dow
Chicago, May 3 – Citigroup Global Markets Holdings Inc. priced $5.67 million of 0% autocallable securities due March 29, 2027 tied 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 95% of its initial level on any semiannual valuation date after one year, the notes will be called at par plus a premium of 10.4% a year.
If each index finishes at or above 95% of its initial level, the payout at maturity will be par plus 62.4%.
If the least performing index finishes below 95% of its initial level but not below the barrier level, 75% 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | S&P 500, Russell 2000, Dow Jones industrial average
|
| Amount: | $5,668,000
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| Maturity: | March 29, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above 95% of its initial level, par plus 62.4%; if the least performing index finishes below 95% of 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
|
| Call: | If each index closes at or above 95% of its initial level on any semiannual valuation date after one year, at par plus a premium of 10.4% a year
|
| Initial levels: | 32,627.97 for Dow, 2,287.545 for Russell, 3,913.10 for S&P
|
| Autocall barrier levels: | 30,996.572 for Dow, 2,173.168 for Russell, 3,717.445 for S&P, 95% of initial levels
|
| Final barrier levels: | 24,470.978 for Dow, 1,715.659 for Russell, 2,934.825 for S&P, 75% of initial levels
|
| Pricing date: | March 19
|
| Settlement date: | March 26
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17328YTV6
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