Published on 4/17/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $6.69 million contingent coupon equity linked autocalls on three indexes
New York, April 17 – Citigroup Global Markets Holdings Inc. priced $6.69 million of autocallable contingent coupon equity linked securities due April 1, 2026 linked to the Nasdaq-100 index, the S&P 500 index and the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.45%, paid quarterly, if the worst performing index closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date starting Sept. 27, 2024.
If the worst performing index finishes at or above its 75% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss 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: | Autocallable contingent coupon equity linked securities
|
Underlying indexes: | Nasdaq-100 index, S&P 500 index and S&P MidCap 400 index
|
Amount: | $6,685,000
|
Maturity: | April 1, 2026
|
Coupon: | 8.45%, paid quarterly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date starting Sept. 27, 2024
|
Initial levels: | 18,254.69 for Nasdaq-100 index, 5,254.35 for S&P 500 index, 3,046.36 for S&P MidCap 400 index
|
Coupon barriers: | 13,691.018 for Nasdaq-100 index, 3,940.763 for S&P 500 index, 2,284.770 for S&P MidCap 400 index, 75% of initial levels
|
Final barriers: | 13,691.018 for Nasdaq-100 index, 3,940.763 for S&P 500 index, 2,284.770 for S&P MidCap 400 index, 75% of initial levels
|
Pricing date: | March 28
|
Settlement date: | April 4
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1.75%
|
Cusip: | 17331AZV6
|
|
|
© 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.