By Kiku Steinfeld
Chicago, March 11 – Citigroup Global Markets Holdings Inc. priced $500,000 of contingent coupon equity linked securities due July 3, 2024 linked to the common stock of Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.35% paid monthly if the stock closes at or above its 60% coupon barrier on the related valuation date.
The payout at maturity will be par if the stock ends at or above its 50% final barrier. Otherwise investors will lose 1% for every 1% that the stock 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: | Contingent coupon equity linked securities
|
| Underlying stock: | Charles Schwab Corp.
|
| Amount: | $500,000
|
| Maturity: | July 3, 2024
|
| Coupon: | 9.35% paid monthly if the stock closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
|
| Call: | Non-callable
|
| Initial level: | $53.17
|
| Coupon barrier: | $31.902, 60% of initial level
|
| Final barrier: | $26.585, 50% of initial level
|
| Pricing date: | June 28, 2023
|
| Settlement date: | July 3, 2023
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.45%
|
| Cusip: | 17291RJN3
|
|
|
© 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.
