By William Gullotti
Buffalo, N.Y., Dec. 7 – Citigroup Global Markets Holdings Inc. priced $5 million of 0% trigger Performance Leveraged Upside Securities with autocallable feature due Dec. 4, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The securities will be called automatically at par plus a 15% call premium if the index closes at or above its initial level on Dec. 7, 2023.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 125% of any gain.
If the index declines but finishes at or above the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is the dealer.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Trigger Performance Leveraged Upside Securities
|
Underlying index: | S&P 500 index
|
Amount: | $4,997,890
|
Maturity: | Dec. 4, 2024
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If the index gains, par plus 125% of the return; if the index falls but finishes at or above trigger level, par; otherwise, 1% loss for every 1% decline from initial level
|
Call: | Automatically at par plus 15% premium if index closes at or above initial level on Dec. 7, 2023
|
Initial level: | 4,080.11
|
Trigger level: | 3,060.083; 75% of initial level
|
Pricing date: | Nov. 30
|
Settlement date: | Dec. 5
|
Underwriter: | Citigroup Global Markets Inc.
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 2.5%
|
Cusip: | 17330X284
|
|
© 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.