Published on 11/10/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $586,000 0% buffer securities linked to Nasdaq, Russell, S&P
Chicago, Nov. 10 – Citigroup Global Markets Holdings Inc. priced $586,000 of 0% buffer securities due Dec. 12, 2024 linked to the worst performing of the Nasdaq-100 index, 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 150% of the worst performing index return subject to a maximum return of par plus 18.04%. Investors will receive par if the worst performing index declines but ends above the 20% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffer securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $586,000
|
| Maturity: | Dec. 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus 150% of worst performing index return subject to a maximum return of par plus 18.04%; par if worst performing index declines but finishes above the 20% buffer; otherwise, exposure to decline in worst performing index beyond buffer
|
| Initial levels: | 15,296.02 for Nasdaq, 1,733.151 for Russell, 4,378.38 for S&P
|
| Buffer levels: | 12,236.816 for Nasdaq, 1,386.521 for Russell, 3,502.704 for S&P, 80% of initial levels
|
| Upside leverage: | 150%
|
| Cap: | 18.04%
|
| Buffer: | 20%
|
| Call: | Non-callable
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 10
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.8%
|
| Cusip: | 17291TG28
|
|
|
© 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.
