Published on 6/20/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.27 million buffered digital index-linked notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 20 – Citigroup Global Markets Holdings Inc. priced $2.27 million of 0% buffered digital index-linked notes due Aug. 13, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above 82.5% of its initial level, the payout at maturity will be par plus 18.5%. Otherwise, investors will lose 1.2121% for each 1% decline beyond the buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered digital index-linked notes
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| Underlying index: | S&P 500
|
| Amount: | $2,273,000
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| Maturity: | Aug. 13, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes at or above 82.5% of its initial level, par plus 18.5%; otherwise, 1.2121% loss for every 1% decline in index beyond 17.5%
|
| Initial index level: | 4,338.93
|
| Buffer level: | 82.5% of initial level
|
| Pricing date: | June 12
|
| Settlement date: | June 16
|
| Underwriters: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17291RDX7
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