Published on 2/3/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $349,000 equity-linked securities on S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Feb. 5 – Citigroup Global Markets Holdings Inc. priced $349,000 of equity-linked securities due Dec. 20, 2024 tied to the worst performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 7.5% per year, payable monthly.
The payout at maturity will be par unless any index closes below 60% of its initial level, in which case investors will be fully exposed to the decline of the worst performer from its initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Equity-linked securities
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Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $349,000
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Maturity: | Dec. 20, 2024
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Coupon: | 7.5% per year, payable monthly
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Price: | Par
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Payout at maturity: | Par unless any index closes below 60% of its initial level, in which case investors will be fully exposed to the decline of the worst performer
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Initial levels: | 15,083.92 for Nasdaq, 1,875.467 for Russell, 4,409.59 for S&P
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Barrier levels: | 9,050.352 for Nasdaq, 1,125.280 for Russell, 2,645.754 for S&P, 60% of initial levels
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Pricing date: | June 16, 2023
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Settlement date: | June 22, 2023
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.45%
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Cusip: | 17291R6G2
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