Published on 3/16/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.83 million 9.3% callable contingent coupon equity notes on indexes
Chicago, March 16 – Citigroup Global Markets Holdings Inc. priced $1.83 million of callable contingent coupon equity linked securities due Sept. 13, 2024 linked to the worst performing of 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 9.3% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par starting June 12 and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing index ends at or above its 70% 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: | Callable contingent coupon equity linked securities
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
Amount: | $1,826,000
|
Maturity: | Sept. 13, 2024
|
Coupon: | 9.3% annual rate, 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: | At par starting June 12 and on any subsequent monthly review date
|
Initial levels: | 11,830.28 for Nasdaq, 1,772.702 for Russell, 3,861.59 for S&P
|
Coupon barriers: | 8,281.196 for Nasdaq, 1,240.891 for Russell, 2,703.113 for S&P, 70% of initial levels
|
Final barriers: | 8,281.196 for Nasdaq, 1,240.891 for Russell, 2,703.113 for S&P, 70% of initial levels
|
Pricing date: | March 10
|
Settlement date: | March 15
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 2.375%
|
Cusip: | 17331CYA9
|
|
© 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.