Published on 4/25/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $7.94 million contingent income callable securities on three indexes
New York, April 25 – Citigroup Global Markets Holdings Inc. priced $7.94 million of contingent income callable securities due April 23, 2026 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.5%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on every trading day during the observation period.
The securities may be called at par on any determination date.
If the worst performing index finishes at or above its 70% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management will act as distributor.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Contingent income callable securities
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
Amount: | $7,938,000
|
Maturity: | April 23, 2026
|
Coupon: | 10.5%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on every trading day during the observation period
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
Call: | At par on any determination date
|
Initial levels: | 17,037.65 for Nasdaq-100 index, 1,947.656 for Russell 2000 index, 4,967.23 for S&P 500 index
|
Downside thresholds: | 11,926.355 for Nasdaq-100 index, 1,363.359 for Russell 2000 index, 3,477.061 for S&P 500 index, 70% of initial levels
|
Coupon barriers: | 12,778.238 for Nasdaq-100 index, 1,460.742 for Russell 2000 index, 3,725.423 for S&P 500 index, 75% of initial levels
|
Pricing date: | April 19
|
Settlement date: | April 24
|
Agent: | Citigroup Global Markets Inc.
|
Distributor: | Morgan Stanley Wealth Management
|
Fees: | 2%
|
Cusip: | 17331A5J6
|
|
|
|
© 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.