Published on 12/14/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $500,000 enhanced barrier digital securities on three indexes
Chicago, Dec. 14 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% enhanced barrier digital securities due April 19, 2023 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.
If the worst performing index finishes above its 75% final barrier then the payout at maturity will be par plus the 10.29% digital payment. Otherwise, the notes will pay par less 1% for every 1% decline of the worst performing index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Enhanced barrier digital securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $500,000
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Maturity: | April 19, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 75% final barrier, par plus 10.29% digital return; 1% loss for every 1% that worst performing index declines if it finishes below its final barrier
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Initial levels: | 14,531.81 for Nasdaq, 2,009.799 for Russell, 4,500.21 for S&P
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Final barriers: | 10,898.858 for Nasdaq, 1,507.349 for Russell, 3,375.158 for S&P, 75% of initial levels
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Upside payment: | 10.29%
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Pricing date: | April 7
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Settlement date: | April 12
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17330F3U3
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