Published on 2/5/2019 in the Prospect News Structured Products Daily.
New Issue: Citi sells $15,000 contingent coupon autocalls on S&P, Russell, Stoxx
By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – Citigroup Global Markets Holdings Inc. priced $15,000 of autocallable contingent coupon equity linked securities due May 5, 2020 linked to the worst performing of the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes are called at par if each asset closes at or above its initial level on any determination date.
The payout at maturity will be par unless any underlying asset ever closes below its 70% trigger level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Global Markets Inc.
|
Issue: | Autocallable contingent coupon equity linked securities
|
Underlying assets: | Russell 2000 index, Euro Stoxx 50 index and S&P 500 index
|
Amount: | $15,000
|
Maturity: | May 5, 2020
|
Coupon: | 9.5% annualized, payable quarterly if each asset closes at or above 70% coupon barrier on observation date for that quarter
|
Price: | Par
|
Payout at maturity: | If each asset never closes below trigger level, par; otherwise, 1% loss for each 1% decline of worse performing asset
|
Call: | At par if each asset closes at or above its initial level on any determination date
|
Initial levels: | 2,704.1 for S&P, 1,499.42 for Russell and 3,159.43 for Stoxx
|
Coupon barriers: | 1,892.87 for S&P, 1,049.593 for Russell and 2,211.601 for Stoxx, 70% of initial levels
|
Trigger levels: | 1,892.87 for S&P, 1,049.593 for Russell and 2,211.601 for Stoxx, 70% of initial levels
|
Pricing date: | Jan. 31
|
Settlement date: | Feb. 5
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1%
|
Cusip: | 17326Y7A8
|
|
© 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.