Published on 4/25/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $985,000 enhanced barrier digital securities on indexes, ETF
Chicago, April 25 – Citigroup Global Markets Holdings Inc. priced $985,000 of 0% enhanced barrier digital securities due May 30, 2025 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset finishes above its 60% final barrier then the payout at maturity will be par plus the 39% digital payment. Otherwise, the notes will pay par less 1% for every 1% decline of the worst performing asset.
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 assets: | Nasdaq-100 index, Russell 2000 index and VanEck Vectors Gold Miners ETF
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Amount: | $985,000
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Maturity: | May 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above its 60% final barrier, par plus 39% digital return; 1% loss for every 1% that worst performing asset declines if it finishes below its final barrier
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Initial levels: | 11,943.93 for Nasdaq, 1,799.164 for Russell, $32.59 for ETF
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Final barriers: | 7,166.358 for Nasdaq, 1,079.498 for Russell, $19.554 for ETF, 60% of initial levels
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Upside payment: | 39%
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Pricing date: | May 25, 2022
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Settlement date: | May 31, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.95%
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Cusip: | 17330FZH7
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