Published on 3/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.25 million callable contingent coupon equity linked securities on indexes
New York, March 30 – Citigroup Global Markets Holdings Inc. priced $1.25 million of callable contingent coupon equity linked securities due Sept. 26, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14% per year, paid monthly, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting Sept. 25, 2023.
If the notes have not been called, the payout at maturity will be par unless any index closes below its 65% knock-in level during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Callable contingent coupon equity linked securities
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
Amount: | $1,252,000
|
Maturity: | Sept. 26, 2024
|
Coupon: | 14% per year, paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
|
Price: | Par
|
Payout at maturity: | Par unless any index closes below its 65% knock-in level during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from its initial level
|
Call option: | At par on any monthly review date starting Sept. 25, 2023
|
Initial levels: | 12,729.23 for Nasdaq-100 index, 1,720.291 for Russell 2000 index, 3,948.72 for S&P 500 index
|
Coupon barriers: | 8,910.461 for Nasdaq-100 index, 1,204.204 for Russell 2000 index, 2,764.104 for S&P 500 index, 70% of initial levels
|
Knock-in levels: | 8,274.000 for Nasdaq-100 index, 1,118.189 for Russell 2000 index, 2,566.668 for S&P 500 index, 65% of initial levels
|
Pricing date: | March 23
|
Settlement date: | March 28
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.875%
|
|
Cusip: | 17331H2T2
|
|
|
© 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.