Published on 10/16/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.02 million 0% barrier securities linked to Russell, S&P
Chicago, Oct. 16 – Citigroup Global Markets Holdings Inc. priced $1.02 million of 0% barrier securities due Oct. 18, 2027 linked to the worst performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 167% of the worst performing index return. Investors will receive par if the worst performing index declines but ends above the 70% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the 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: | Barrier securities
|
Underlying indexes: | Russell 2000 index and S&P 500 index
|
Amount: | $1.02 million
|
Maturity: | Oct. 18, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains, par plus 167% of worst performing index return; par if worst performing index declines but finishes above the 70% barrier; otherwise, exposure to decline in worst performing index
|
Initial levels: | 1,702.150 for Russell, 3,639.66 for S&P
|
Final barriers: | 1,191.505 for Russell, 2,547.762 for S&P, 70% of initial levels
|
Upside leverage: | 167%
|
Cap: | None
|
Call: | Non-callable
|
Pricing date: | Oct. 7, 2022
|
Settlement date: | Oct. 13, 2022
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 1.025%
|
Cusip: | 17330RZ65
|
|
© 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.