Published on 2/2/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $4.82 million autocallable securities on Russell, S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – Citigroup Global Markets Holdings Inc. priced $4.82 million of 0% autocallable securities due Sept. 3, 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 its premium threshold level, 102% of its initial level, on any quarterly valuation date after one year, the notes will be called at par plus an annual premium of 7%.
If each index finishes at or above its premium threshold level, 102% of its initial level, the payout at maturity will be par plus 35%.
If the least performing index finishes below its initial level but not below the barrier level, 70% 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: | $4,821,000
|
Maturity: | Sept. 3, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its premium threshold level, par plus 35%; if the least performing index finishes below its premium threshold but above its 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 premium threshold on any quarterly valuation date after one year, the notes will be called at par plus an annual premium of 7%
|
Initial levels: | 35,399.84 for Dow, 4,528.79 for S&P, 2,265.99 for Russell
|
Premium thresholds: | 36,107.837 for Dow, 4,619.366 for S&P, 2,311.31 for Russell; 102% of initial levels
|
Buffer levels: | 24,779.888 for Dow, 3,170.153 for S&P, 1,586.193 for Russell; 70% of initial levels
|
Pricing date: | Aug. 30
|
Settlement date: | Sept. 2
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 3.5%
|
Cusip: | 17329QBE9
|
|
© 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.