Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: Citi prices $3.57 million callable contingent coupon equity linked notes on ETFs, index
New York, Feb. 13 – Citigroup Global Markets Holdings Inc. priced $3.57 million of callable contingent coupon equity linked securities due Nov. 16, 2026 linked to the MSCI Emerging Markets index, the SPDR S&P Bank ETF and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.25%, paid quarterly, if the worst performing asset closes at or above its 60% coupon barrier on the related valuation date.
The securities may be called at par on any quarterly review date starting Aug. 8, 2024.
The payout at maturity will be par if the worst performing asset ends at or above its 55% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset 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: | Callable contingent coupon equity linked securities
|
Underlying assets: | MSCI Emerging Markets index, SPDR S&P Bank ETF and iShares Russell 2000 Value ETF
|
Amount: | $3,573,000
|
Maturity: | Nov. 16, 2026
|
Coupon: | 9.25%, paid quarterly if the worst performing asset closes at or above its 60% coupon barrier on the related valuation date
|
Price: | Par
|
Payout at maturity: | If worst performing asset finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
|
Call option: | At par on any quarterly review date starting Aug. 8, 2024
|
Initial levels: | 997.54 for MSCI Emerging Markets index, $43.15 for SPDR S&P Bank ETF, $148.56 for iShares Russell 2000 Value ETF
|
Coupon barriers: | 598.524 for MSCI Emerging Markets index, $25.890 for SPDR S&P Bank ETF, $89.136 for iShares Russell 2000 Value ETF, 60% of initial levels
|
Final barriers: | 548.647 for MSCI Emerging Markets index, $23.733 for SPDR S&P Bank ETF, $81.708 for iShares Russell 2000 Value ETF, 55% of initial levels
|
Pricing date: | Feb. 8
|
Settlement date: | Feb. 13
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1.75%
|
Cusip: | 17291LCT0
|
|
|
© 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.