Published on 6/8/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $250,000 10.45% callable contingent coupon notes linked to Nasdaq, S&P
New York, June 8 – Citigroup Global Markets Holdings Inc. priced $250,000 of callable contingent coupon equity linked securities due July 17, 2025 linked to the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.45% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called starting Jan. 12, 2023 and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing index gains or declines by no more than its 10% buffer. Otherwise investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Callable contingent coupon equity linked securities
|
Underlying indexes: | Nasdaq-100 index and S&P 500 index
|
Amount: | $250,000
|
Maturity: | July 17, 2025
|
Coupon: | 10.45% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above its final buffer par; 1% loss for every 1% that worst performing index declines beyond the buffer
|
Call: | Starting Jan. 12, 2023 and on any subsequent monthly review date
|
Initial levels: | 11,744.99 for Nasdaq-100 index, 3,818.80 for S&P 500 index
|
Coupon barriers: | 8,221.493 for Nasdaq-100 index, 2,673.160 for S&P 500 index, 70% of initial levels
|
Buffer: | 10%
|
Final buffers: | 10,570.491 for Nasdaq-100 index, 3,436.92 for S&P 500 index, 90% of initial levels
|
Pricing date: | July 12, 2022
|
Settlement date: | July 15, 2022
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1%
|
Cusip: | 17330PN88
|
|
© 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.