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 10/3/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $680,000 equity-linked securities on three indexes

By Kiku Steinfeld

Chicago, Oct. 3 – Citigroup Global Markets Holdings Inc. priced $680,000 of 9% equity-linked securities due Nov. 17, 2022 tied to the least performing of the shares of S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The coupon is payable monthly.

If the final level of each asset is at least as great as 75% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% loss of the worst-performing asset.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Equity-linked securities
Underlying indexes:S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:$680,000
Maturity:Nov. 17, 2022
Coupon:9%, payable monthly
Price:Par
Payout at maturity:If the final level of each index is at least as great as 75% of its initial level, par; otherwise, investors will lose 1% for each 1% loss of the worst-performing index
Initial levels:4,418.64 for S&P, 14,253.84 for Nasdaq, 2,030.146 for Russell
Barrier levels:3,313.980 for S&P, 10,690.380 for Nasdaq, 1,522.610 for Russell 75% of initial levels
Pricing date:Feb. 14
Settlement date:Feb. 17
Underwriter:Citigroup Global Markets Inc.
Fees:0.2%
Cusip:17330A4K5

© 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.