Published on 6/12/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.87 million autocallable securities linked to Dow, Russell, S&P
New York, June 12 – Citigroup Global Markets Holdings Inc. priced $4.87 million of 0% autocallable securities due May 29, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus an annualized call premium of 15% if the worst performing index closes at or above its initial value on any quarterly review date starting on May 29, 2024.
If the worst performing index gains, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing index declines but ends at or above the 70% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below its barrier.
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 securities
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
|
| Amount: | $4,868,000
|
| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus premium for final valuation date; par if worst performing index declines but finishes at or above its 70% barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
| Call: | Automatically at par plus an annualized call premium of 15% if the worst performing index closes at or above its initial value on any quarterly review date starting on May 29, 2024
|
| Initial levels: | 32,764.65 for Dow Jones industrial average, 1,754.605 for Russell 2000 index, 4,151.28 for S&P 500 index
|
| Final barriers: | 22,935.255 for Dow Jones industrial average, 1,228.224 for Russell 2000 index, 2,905.896 for S&P 500 index, 70% of initial level
|
| Strike date: | May 25
|
| Pricing date: | May 26
|
| Settlement date: | June 1
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.35%
|
| Cusip: | 17291R2R2
|
|
|
© 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.
