E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/5/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $836,180 trigger jump securities linked to Apple

By Kiku Steinfeld

Chicago, May 5 – Citigroup Global Markets Holdings Inc. priced $836,180 of 0% trigger jump securities due Jan. 6, 2026 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the stock is positive, the payout at maturity will be par plus 52%. Investors will receive par if the stock declines but finishes at or above the trigger level and will lose 1% for every 1% that the stock declines if it finishes below the trigger level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Trigger jump securities
Underlying stock:Apple Inc.
Amount:$836,180
Maturity:Jan. 6, 2026
Coupon:0%
Price:$10.00
Payout at maturity:If stock return is positive, par plus 52%; par if stock declines but finishes at or above trigger level; 1% loss for every 1% that stock declines if it finishes below trigger level
Initial level:$129.61
Upside payment:52%
Trigger level:$103.688, 80% of initial level
Pricing date:Dec. 29, 2022
Settlement date:Jan. 5, 2023
Agent:Citigroup Global Markets Inc.
Fees:3%
Cusip:17330X714

© 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.