Published on 2/1/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $885,000 autocallable securities on Russell, S&P, Dow
Chicago, Feb. 1 – Citigroup Global Markets Holdings Inc. priced $885,000 of 0% autocallable securities due April 10, 2026 tied to the worst performing of the Russell 2000 index, the S&P 500 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 of its initial level on any semiannual valuation date after one year, the notes will be called at par plus an annual premium of 9.85%.
If each index finishes at or above its initial level, the payout at maturity will be par plus 49.25%.
If the least performing index finishes below its initial level but not below the barrier level, 68.5% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the worst performer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
|
| Amount: | $885,000
|
| Maturity: | April 10, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 49.25%; if the least performing index finishes below its initial level but not below the barrier level, par; otherwise, investors will be fully exposed to the losses of the worst performer
|
| Call: | If each index closes at or above its initial level on any semiannual valuation date after one year, the notes will be called at par plus an annual premium of 9.85%
|
| Initial levels: | 33,446.26 for Dow, 4,079.95 for S&P, 2,223.051 for Russell
|
| Buffer levels: | 22,910.688 for Dow, 2,794.766 for S&P, 1,522.79 for Russell; 68.5% of initial levels
|
| Pricing date: | April 7
|
| Settlement date: | April 12
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17329FBW3
|
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