Published on 5/3/2021 in the Prospect News Structured Products Daily.
New Issue: Citi prices $550,000 autocallable barrier securities on Nasdaq, Russell, Dow
Chicago, May 3 – Citigroup Global Markets Holdings Inc. priced $550,000 of 0% autocallable barrier securities due March 24, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, 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 call premium of 7.15% per year if each index closes at or above its initial level on any quarterly call date after one year.
If the final level of each index return is positive or flat, the payout at maturity will be par plus the return of the worst performer.
The payout will be par if the final level of each index is less than its initial level but greater than or equal to the barrier level, 65% of the initial level.
If any index finishes below the barrier level, investors will be fully exposed to the decline of the least performing index.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Autocallable barrier securities
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
|
Amount: | $550,000
|
Maturity: | March 24, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index return is positive, par plus least performing index return; par if final level of least performing index is less than initial level but greater than or equal to barrier level; full exposure to decline if least performing index finishes below barrier level
|
Call: | At par plus call premium of 7.15% per year if each index closes at or above its initial level on any quarterly call date after one year
|
Initial levels: | 12,866.99 for Nasdaq, 32,627.97 for Dow, 2,287.545 for Russell
|
Trigger levels: | 8,363.544 for Nasdaq, 21,208.181 for Dow, 1,486.904 for Russell; 65% of initial levels
|
Pricing date: | March 19
|
Settlement date: | March 24
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 4.125%
|
Cusip: | 17328YYP3
|
© 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.