Published on 6/6/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $1.2 million contingent coupon autocallables on indexes
By Sarah Lizee
Olympia, Wash., June 6 – Citigroup Global Markets Holdings Inc. priced $1.2 million of autocallable contingent coupon equity linked securities due June 7, 2024 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Global Markets Inc.
Each month, the notes will pay a contingent coupon at an annual rate of 9.25% if each underlying asset closes at or above its 65% coupon barrier on the observation date for that period.
The notes are called at par if each asset closes at or above its initial level on any monthly call determination date after six months.
The payout at maturity will be par unless any underlying asset finishes below its 70% barrier 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.
|
| Guarantor: | Citigroup Global Markets Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying assets: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1.2 million
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| Maturity: | June 7, 2024
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| Coupon: | 9.25% annualized, payable each month that each asset closes at or above coupon barrier on observation date for that month
|
| Price: | Par
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| Payout at maturity: | Par unless any index finishes below final barrier level, in which case 1% loss for each 1% decline of worst performing index
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| Call: | At par if each asset closes at or above its initial level on any monthly call determination date after six months
|
| Initial levels: | 2,752.06 for S&P, 1,465.487 for Russell, 7,127.956 for Nasdaq
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| Coupon barriers: | 1,788.839 for S&P, 952.567 for Russell, 4,633.171 for Nasdaq; 65% of initial levels
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| Final barrier levels: | 1,926.442 for S&P, 1,025.841 for Russell, 4,989.569 for Nasdaq; 70% of initial levels
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| Pricing date: | June 4
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| Settlement date: | June 7
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17326YEB8
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