Published on 11/26/2018 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.06 million autocallable securities on Russell, S&P
By Wendy Van Sickle
Columbus, Ohio, Nov. 26 – Citigroup Global Markets Holdings Inc. priced $3.06 million of 7.9% autocallable securities due Feb. 25, 2020 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
The notes will be called at par if each index closes at or above its initial level on Nov. 18, 2019.
If each index finishes at or above its initial level, or if neither index has closed below its 70% trigger level during the life of the notes, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | Russell 2000, S&P 500
|
| Amount: | $3,057,000
|
| Maturity: | Feb. 25, 2020
|
| Coupon: | 7.9%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, or neither index has ever closed below its trigger level, par; otherwise, 1% loss for each 1% decline of the worst performing index from its initial level
|
| Call: | Automatically at par if each index closes at or above its initial level on Nov. 18, 2019
|
| Initial levels: | 1,527.533 for Russell, 2,736.27 for S&P
|
| Trigger levels: | 1,069.273 for Russell, 1,915.389 for S&P; 70% of initial levels
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17326Y3M6
|
|
|
© 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.
