E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/9/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $727,000 autocallables linked to Dow, Invesco S&P 500

New York, April 9 – Citigroup Global Markets Holdings Inc. priced $727,000 of 0% autocallable securities due July 2, 2026 linked to the lesser performing of the Dow Jones industrial average and the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Starting on July 2, 2024, the securities will be called automatically at par plus a premium of 9.05% per year if the worst performing asset closes at or above its initial value on any semiannual review date.

If the notes are not called, investors will lose 1% for every 1% that the worst performing asset declines from its initial level.

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 securities
Underlying assets:Dow Jones industrial average and Invesco S&P 500 Equal Weight ETF
Amount:$727,000
Maturity:July 2, 2026
Coupon:0%
Price:Par
Payout at maturity:If notes are not called, 1% loss for every 1% that worst performing asset declines
Call:Starting on July 2, 2024, automatically at premium of 9.05% per year if worst performing asset closes at or above initial level on any semiannual review date
Initial levels:34,122.42 for index and $148.33 for ETF
Pricing date:June 29, 2023
Settlement date:July 5, 2023
Agent:Citigroup Global Markets Inc.
Fees:3.5%
Cusip:17291RNW8

© 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.