Published on 12/27/2021 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $3.63 million jump autocallables on S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Dec. 29 – Citigroup Global Markets Holdings Inc. priced $3.63 million of 0% jump securities with autocallable feature due Dec. 5, 2024 linked to the worst performing of the S&P 500 index, and 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 Inc.
The notes will be called at par of $10 plus an annualized premium of 7.2% if each index closes at or above its initial level on any quarterly call date after one year.
The payout at maturity will be par plus 21.6% if each index finishes at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of that index.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as a selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Jump securities with autocallable feature
|
| Underlying indexes: | S&P 500 index, Nasdaq-100 and Russell 2000 index
|
| Amount: | $3,627,000
|
| Maturity: | Dec. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | At par plus 7.2% a year if each index closes at or above initial level on any quarterly call review date after one year
|
| Payout at maturity: | If each index finishes at or above trigger level, par plus 21.6%; otherwise, full exposure to decline of worst performing index
|
| Initial levels: | 2,198.91 for Russell, 4,567.00 for S&P, 16,135.92 for Nasdaq
|
| Trigger levels: | 1,539.236 for Russell, 3,196.900 for S&P, 11,295.144 for Nasdaq; 70% of initial levels
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 17329T112
|
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