Published on 1/27/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.75 million autocallable securities on Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, Jan. 27 – Citigroup Global Markets Holdings Inc. priced $2.75 million of 0% autocallable securities due Jan. 23, 2026 linked to the worst performing of the S&P 500 index, the Nasdaq-100 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 8.1% per year if each asset closes at or above 100% of its initial level on any annual call valuation date.
The payout at maturity will be the 40.5% premium applicable to that valuation date if the worst performing index closes above 100% of its initial value.
The payout at maturity will be par if the worst performing index finishes above its 65% trigger level and below 100% of its initial value, otherwise investors will be exposed to losses of the worst performing index.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Global Markets Inc.
|
| Issue: | Autocallable securities
|
| Underlying assets: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
|
| Amount: | $2,747,000
|
| Maturity: | Jan. 23, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 40.5% call premium if worst performing asset finishes above 100% of initial level; par if worst performing asset finishes below 100% of initial value but above 65% trigger level; otherwise exposure to losses of worst performing index
|
| Call: | At par plus a premium of 8.1% per year if each asset closes at or above 100% of its initial value on any annual call valuation date
|
| Initial values: | 13,296.4 for Nasdaq, 2,160.617 for Russell, 3,851.85 for S&P
|
| Trigger values: | 8,642.693for Nasdaq, 1,512.432 for Russell, 2,696.295 for S&P; 65% of initial values
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 4.125%
|
| Cusip: | 17328Y7F5
|
|
|
© 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.
