Published on 7/16/2020 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $4.35 million autocallable securities on S&P, Dow, Russell
By Kiku Steinfeld
Chicago, July 16 – Citigroup Global Markets Holdings Inc. priced $4.35 million of 0% autocallable securities due July 10, 2026 linked to the worst performing of the Dow Jones industrial average, 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 Inc.
The notes will be called at par plus a premium of 14.35% annualized if each asset closes at or above its call level on any annual call valuation date. The call level for each index will be 100% of its initial level.
If each index finishes above 70% of its initial level, the payout at maturity will be par plus 86.1%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying assets: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
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| Amount: | $4,348,000
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| Maturity: | July 10, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes above trigger level, par plus 86.1%; otherwise, investors will lose 1% for every 1% that the worst performing index declines
|
| Call: | At par plus a premium of 14.35% per year if each asset closes at or above its call value on any annual call valuation date; call levels will be equal to initial levels
|
| Initial levels: | 3,152.05 for S&P, 1,398.920 for Russell, 25,706.09for Dow
|
| Trigger levels: | 2,206.435 for S&P, 979.244 for Russell, 17,994.263 for Dow; 70% of initial values
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| Pricing date: | July 9
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| Settlement date: | July 14
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
|
| Cusip: | 17328W4J4
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