Published on 2/9/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.85 million contingent coupon autocallables on ETF, indexes
Chicago, Feb. 9 – Citigroup Global Markets Holdings Inc. priced $1.85 million of autocallable contingent coupon equity-linked securities due April 21, 2022 linked to the worst performing of the S&P 500 index, Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Each quarter, the notes will pay a contingent coupon at an annual rate of 9.75% if each underlying asset closes at or above its 75% coupon barrier on the observation date for that period.
The notes will be called at par if each underlying asset closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless any underlying asset finishes below its 75% final barrier level, in which case investors will be fully exposed to the decline in the worst performing asset.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying assets: | S&P 500 index, Russell 2000 index and the iShares MSCI EAFE ETF
|
| Amount: | $1,850,000
|
| Maturity: | April 21, 2022
|
| Coupon: | 9.75% annualized, payable each quarter that each asset closes at or above coupon barrier on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any underlying asset finishes below its final barrier level, in which case full exposure to the decline in the worst performing asset
|
| Call: | At par if each asset closes at or above initial level on any quarterly observation date
|
| Initial levels: | 4,127.99 for S&P, 2,233.784 for Russell, $77.56 for ETF
|
| Coupon barrier levels: | 3,095.993 for S&P, 1,675.338 for Russell, $58.17 for ETF; 75% of initial levels
|
| Final barrier levels: | 3,095.993 for S&P, 1,675.338 for Russell, $58.17 for ETF; 75% of initial levels
|
| Strike date: | April 12
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0%
|
| Cusip: | 17329FDF8
|
© 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.
