Published on 8/9/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $383,000 6.1% contingent coupon equity notes on S&P
Chicago, Aug. 9 – Citigroup Global Markets Holdings Inc. priced $383,000 of contingent coupon equity-linked securities due July 30, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.1% paid monthly if the index closes at or above its 70% coupon barrier on the related valuation date.
The payout at maturity will be par if the index ends at or above its 70% final barrier. Otherwise, investors will lose 1% for every 1% that the 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: | Contingent coupon equity-linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $383,000
|
| Maturity: | July 30, 2026
|
| Coupon: | 6.1% annual rate, paid monthly if the index closes at or above its 70% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
|
| Call: | Non-callable
|
| Initial level: | 4,566.75
|
| Coupon barrier: | 3,196.725, 70% of initial level
|
| Final barrier: | 3,196.725, 70% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17291RJF0
|
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