Published on 1/17/2024 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.3 million relative performance securities on EAFE index, S&P
Chicago, Jan. 17 – Citigroup Global Markets Holdings Inc. priced $1.3 million 0% relative performance securities due Jan. 8, 2026 linked to the performance of the MSCI EAFE index relative to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The relative underlying return is the return of the MSCI EAFE minus the return of the S&P 500.
If the relative underlying return is greater than zero, the payout at maturity will be par plus 157% of the relative underlying return.
Otherwise, investors will receive par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Relative performance securities
|
| Underlying indexes: | MSCI EAFE index, S&P 500 index
|
| Amount: | $1,300,000
|
| Maturity: | Jan. 8, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the relative underlying return is greater than zero, par plus 157% of the relative underlying return; otherwise, par
|
| Relative performance: | Return of the MSCI EAFE minus the return of the S&P 500
|
| Initial levels: | 2,207.74 for EAFE, 4,697.24 for S&P
|
| Pricing date: | Jan. 5
|
| Settlement date: | Jan. 10
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 17291TSQ2
|
|
|
© 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.
