Published on 5/18/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.15 million PLUS linked to S&P 500
New York, May 18 – Citigroup Global Markets Holdings Inc. priced $4.15 million of 0% PLUS due Aug. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 18.3%.
Investors will lose 1% for every 1% that it declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | PLUS
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,154,000
|
| Maturity: | Aug. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 18.3%; otherwise, full exposure to any index decline
|
| Initial level: | 4,169.48
|
| Upside leverage: | 300%
|
| Cap: | 18.3%
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25% including a structuring fee of 0.5%
|
|
|
| Cusip: | 17331HTD8
|
|
|
|
|
© 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.
