Published on 10/29/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $741,000 10.11% autocallable contingent coupon notes on S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Oct. 30 – Citigroup Global Markets Holdings Inc. priced $741,000 of autocallable contingent coupon equity linked securities due April 6, 2026 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.11% 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 level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date after six months.
If the worst performing index finishes at or above its 70% 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, Russell 2000 index and S&P 500 index
|
| Amount: | $741,000
|
| Maturity: | April 6, 2026
|
| Coupon: | 10.11% paid quarterly if the worst performing index closes at or above its coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
|
| Call: | Automatically at par if the level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date after six months
|
| Initial levels: | 13,181.35 for Nasdaq Index, 1,802.484 for Russell, 4,109.31 for S&P
|
| Coupon barriers: | 9,886.013 for Nasdaq, 1,351.863 for Russell, 3,081.983 for S&P, 75% of initial levels
|
| Final barriers: | 9,226.95 for Nasdaq Index, 1,261.739 for Russell, 2,876.517 for S&P, 70% of initial levels
|
| Pricing date: | March 31, 2023
|
| Settlement date: | April 5, 2023
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17331HD45
|
|
|
© 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.
