Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $160,000 9.1% callable contingent coupon equity notes on indexes
Chicago, Feb. 13 – Citigroup Global Markets Holdings Inc. priced $160,000 of callable contingent coupon equity-linked securities due May 29, 2026 linked to the worst performing of the MSCI EAFE index, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.1% paid monthly if the worst performing index closes at or above its 65% coupon barrier on the related valuation date.
The securities may be called at par starting May 28, 2024 and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing index ends at or above its 65% final barrier. Otherwise, investors will lose 1% 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: | Callable contingent coupon equity-linked securities
|
Underlying indexes: | MSCI EAFE index, Nasdaq-100 index and Russell 2000 index
|
Amount: | $160,000
|
Maturity: | May 29, 2026
|
Coupon: | 9.1% annual rate, paid monthly if the worst performing index closes at or above its 65% 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: | At par starting May 28, 2024 and on any subsequent monthly review date
|
Initial levels: | 2,080.91 for MSCI EAFE index, 14,298.41 for Nasdaq-100 index, 1,773.022 for Russell 2000 index
|
Coupon barriers: | 1,352.592 for EAFE index, 9,293.967 for Nasdaq, 1,152.464 for Russell, 65% of initial levels
|
Final barriers: | 1,352.592 for EAFE index, 9,293.967 for Nasdaq, 1,152.464 for Russell, 65% of initial levels
|
Pricing date: | May 26, 2023
|
Settlement date: | June 1, 2023
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1.25%
|
Cusip: | 17331HXG6
|
|
© 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.