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 4/17/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $5.57 million enhanced barrier digital securities on Russell, S&P

New York, April 17 – Citigroup Global Markets Holdings Inc. priced $5.57 million of 0% enhanced barrier digital securities due May 1, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index finishes at or above its 70% final barrier, the payout at maturity will be par plus the 9.01% digital payment.

Otherwise, the notes will pay par less 1% for every 1% decline of the worst performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital securities
Underlying indexes:Russell 2000 index and S&P 500 index
Amount:$5,574,000
Maturity:May 1, 2025
Coupon:0%
Price:Par
Payout at maturity:If worst performing index finishes at or above its 70% final barrier, par plus 9.01%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
Initial levels:2,114.349 for Russell 2000 index, 5,248.49 for S&P 500 index
Upside payment:9.01%
Final barriers:1,480.044 for Russell 2000 index, 3,673.943 for S&P 500 index, 70% of initial levels
Strike date:March 27
Pricing date:March 28
Settlement date:April 3
Agent:Citigroup Global Markets Inc.
Fees:0.25%
Cusip:17331AF30

© 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.