Published on 6/29/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.29 million contingent coupon equity linked autocalls on Russell, S&P
New York, June 29 – Citigroup Global Markets Holdings Inc. priced $1.29 million of autocallable contingent coupon equity linked securities due June 26, 2026 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 8%, paid semiannually, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any semiannual determination date.
If the worst performing index finishes at or above its 70% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing index 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 contingent coupon equity linked securities
|
| Underlying indexes: | Russell 2000 index and S&P 500 index
|
| Amount: | $1,293,000
|
| Maturity: | June 26, 2026
|
| Coupon: | 8%, paid semiannually, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
| Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any semiannual determination date
|
| Initial levels: | 1,821.635 for Russell 2000 index, 4,348.33 for S&P 500 index
|
| Coupon barriers: | 1,275.145 for Russell 2000 index, 3,043.831 for S&P 500 index, 70% of initial levels
|
| Final barriers: | 1,275.145 for Russell 2000 index, 3,043.831 for S&P 500 index, 70% of initial levels
|
| Pricing date: | June 23
|
| Settlement date: | June 28
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17291RAS1
|
|
|
|
|
© 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.
