Published on 9/16/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $788,000 autocallable securities on Dow, Russell
By Kiku Steinfeld
Chicago, Sept. 16 – Citigroup Global Markets Holdings Inc. priced $788,000 of 0% autocallable securities due June 30, 2026 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
The notes are called at par plus a premium of 6% per year if each asset closes at or above its initial level on any annual valuation date.
If the notes are not called and the worst performing index closes at or above its initial value, the payout will be par plus 30%.
If the worst performing index falls but finishes at or above its 70% trigger level, the payout will be par. Otherwise, investors will be exposed to losses of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Dow Jones industrial average, Russell 2000 index
|
| Amount: | $788,000
|
| Maturity: | June 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 30% if worst performing asset finishes at or above initial level; par if worst performing index falls but finishes at or above its trigger level; otherwise, full exposure to losses of worst performer
|
| Call: | At par plus 6% per year if each asset closes at or above its initial value on any annual valuation date
|
| Initial values: | 34,433.84 for Dow, 2,334.396 for Russell
|
| Trigger values: | 24,103.688 for Dow, 1,634.077 for Russell; 70% of initial values
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.1%
|
| Cusip: | 17329FFE9
|
|
|
© 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.
