Published on 5/14/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $918,000 8.4% contingent coupon equity notes on Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, May 14 – Citigroup Global Markets Holdings Inc. priced $918,000 of contingent coupon equity linked securities due July 11, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.4% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The payout at maturity will be par if the worst performing index ends at or above its 60% final barrier. Otherwise investors will lose 1% for every 1% that the worst performing index declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Contingent coupon equity linked securities
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
Amount: | $918,000
|
Maturity: | July 11, 2024
|
Coupon: | 8.4% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
|
Call: | Non-callable
|
Initial levels: | 11,040.35 for Nasdaq, 1,792.800 for Russell, 3,895.08 for S&P
|
Coupon barriers: | 7,728.245 for Nasdaq, 1,254.960 for Russell, 2,726.556 for S&P, 70% of initial levels
|
Final barriers: | 6,624.21 for Nasdaq, 1,075.680 for Russell, 2,337.048 for S&P, 60% of initial levels
|
Pricing date: | Jan. 6, 2023
|
Settlement date: | Jan. 11, 2023
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.725%
|
Cusip: | 17331C3H8
|
|
© 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.