Published on 8/22/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $12.56 million 7% autocallable contingent coupon notes on indexes
New York, Aug. 22 – Citigroup Global Markets Holdings Inc. priced $12.56 million of autocallable contingent coupon equity linked securities due Aug. 18, 2028 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7% paid monthly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically starting May 15, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing index finishes at or above its 75% 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $12,563,000
|
| Maturity: | Aug. 18, 2028
|
| Coupon: | 7% paid monthly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
|
| Call: | Automatically starting May 15, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date
|
| Initial levels: | 34,946.39 for Dow Jones industrial average, 15,037.65 for Nasdaq-100 index, 1,895.755 for Russell 2000 index
|
| Coupon barriers: | 26,209.793 for Dow Jones industrial average, 11,278.238 for Nasdaq-100 index, 1,421.816 for Russell 2000 index, 75% of initial levels
|
| Final barriers: | 26,209.793 for Dow Jones industrial average, 11,278.238 for Nasdaq-100 index, 1,421.816 for Russell 2000 index, 75% of initial levels
|
| Pricing date: | Aug. 15
|
| Settlement date: | Aug. 18
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.5%
|
| Cusip: | 17291Q4X9
|
|
|
|
|
© 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.
