Published on 5/7/2019 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $498,000 autocallable securities on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 7 – Citigroup Global Markets Holdings Inc. priced $498,000 of 0% autocallable securities due April 30, 2024 linked to the worst performing of the S&P 500 index 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 6.5% per year if each asset closes at or above its initial level on any annual call determination date.
If the notes are not called, the payout at maturity will be par unless any underlying asset finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing asset.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Global Markets Inc.
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Issue: | Autocallable securities
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Underlying assets: | S&P 500 index, Russell 2000 index
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Amount: | $498,000
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Maturity: | April 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par unless any underlying asset finishes below its trigger value, in which case full exposure to any losses of the worst performing asset
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Call: | At par plus a premium of 6.5% per year if each asset closes at or above its initial value on any annual call determination date
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Initial levels: | 2,926.17 for S&P and 1,575.612 for Russell
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Trigger values: | 1,755.702 for S&P, 945.367 for Russell; 60% of initial values
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | Citigroup Global Markets Inc.
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Fees: | 4.125%
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Cusip: | 17326YGB6
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