E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/3/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $7.35 million buffered digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 3 – Citigroup Global Markets Holdings Inc. priced $7.35 million of 0% buffered digital notes due July 12, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or declines but by no more than its 20% buffer the payout at maturity will be par plus 7.7%. Investors will lose 1.25% for every 1% the index declines beyond its buffer.

The notes are non-callable.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered digital notes
Underlying index:S&P 500 index
Amount:$7,347,000
Maturity:July 12, 2024
Coupon:0%
Price:Par
Payout at maturity:If index gains or declines but by no more than 20% buffer, par plus 7.7%; 1.25% loss for every 1% that index declines beyond the buffer
Initial level:4,378.41
Buffer level:3,502.728, 80% of initial level
Call:Non-callable
Pricing date:June 27
Settlement date:June 30
Agent:Citigroup Global Markets Inc.
Fees:1%
Cusip:17291R6N7

© 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.