Published on 9/21/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $431,000 autocallable buffer securities linked to Nasdaq, S&P
Chicago, Sept. 21 – Citigroup Global Markets Holdings Inc. priced $431,000 of 0% autocallable buffer securities due Sept. 21, 2027 linked to the worst performing of the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 9.75% if the worst performing index closes above its initial value on Sept. 19, 2023.
If the worst performing index gains the payout will be par plus 150% of its return. Investors will receive par if the worst performing index declines but ends at or above its 20% buffer and they will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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 buffer securities
|
| Underlying indexes: | Nasdaq-100 index and S&P 500 index
|
| Amount: | $431,000
|
| Maturity: | Sept. 21, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 150% of its return; par if worst performing index declines but finishes at or above its 20% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
|
| Call: | Automatically at a premium of 9.75% if the worst performing index closes above its initial value on Sept. 19, 2023
|
| Initial levels: | 11,861.38 for Nasdaq, 3,873.33 for S&P
|
| Buffer levels: | 9,489.104 for Nasdaq, 3,098.664 for S&P, 80% of initial level
|
| Upside leverage: | 150%
|
| Buffer: | 20%
|
| Pricing date: | Sept. 16, 2022
|
| Settlement date: | Sept. 21, 2022
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.75%
|
| Cusip: | 17330RRS6
|
|
|
© 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.
