By Kiku Steinfeld
Chicago, Dec. 16 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% autocallable securities due April 24, 2025 linked to the S&P 500 Value index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on April 19, 2023 at par plus a 10% annual rate if the worst performing asset closes at or above 84% of its initial value and on any subsequent annual review date.
If the worst performing asset closes at or above 84% of its initial value, the payout at maturity will be par plus 30%. Otherwise investors lose 1% for every 1% that the worst performing asset 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: | Autocallable securities
|
| Underlying assets: | S&P 500 Value index and iShares Russell 2000 Value ETF
|
| Amount: | $500,000
|
| Maturity: | April 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset closes at or above 84% of its initial value, par plus 30%; otherwise 1% loss for every 1% that worst performing asset declines
|
| Call: | Automatically starting on April 19, 2023 at a 10% annual rate if the worst performing asset closes at or above 84% of initial value and on any subsequent annual review date
|
| Initial levels: | 1,534.33 for S&P, $157.53 for iShares
|
| Pricing date: | April 18
|
| Settlement date: | April 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.25%
|
| Cusip: | 17330AL26
|
|
|
© 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.
