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.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable securities
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Underlying assets: | Dow Jones industrial average and Invesco S&P 500 Equal Weight ETF
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Amount: | $727,000
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Maturity: | July 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not called, 1% loss for every 1% that worst performing asset declines
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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
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Initial levels: | 34,122.42 for index and $148.33 for ETF
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Pricing date: | June 29, 2023
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Settlement date: | July 5, 2023
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.5%
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Cusip: | 17291RNW8
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