By Kiku Steinfeld
Chicago, April 8 – Citigroup Global Markets Holdings Inc. priced $750,000 of 6.15% buffered equity linked securities due Jan. 10, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive interest of 6.15% per year, payable monthly.
If the index gains or declines but by no more than its 15% buffer the payout at maturity will be par. Otherwise investors will lose 1% for every 1% the index declines beyond its buffer.
The notes are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered equity linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $750,000
|
| Maturity: | Jan. 10, 2025
|
| Coupon: | 6.15%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if index gains or declines but by no more than 15% buffer; otherwise 1% loss for each 1% that index declines beyond the buffer
|
| Initial level: | 4,450.38
|
| Buffer: | 15%
|
| Buffer level: | 3,782.823, 85% of initial level
|
| Call: | Non-callable
|
| Pricing date: | July 5, 2023
|
| Settlement date: | July 10, 2023
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17291RNB4
|
|
|
© 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.
