Published on 8/22/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $400,000 autocallable market-linked notes linked to S&P
Chicago, Aug. 22 – Citigroup Global Markets Holdings Inc. priced $400,000 of 0% autocallable market-linked notes due Aug. 13, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the initial index level on Aug. 11, 2023, the notes will be automatically called at par plus 6.95%.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.25 times the index return. If the final index level is less than or equal to the initial index level, the payout will be par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $400,000
|
| Maturity: | Aug. 13, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 1.25 times index return; if final index level is less than or equal to initial index level, par
|
| Call: | Automatically at par plus 6.95% if index closes at or above initial index level on Aug. 11, 2023
|
| Initial level: | 4,210.24
|
| Pricing date: | Aug. 10, 2022
|
| Settlement date: | Aug. 15, 2022
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17330R3Z6
|
|
|
© 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.
