Published on 4/9/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $225,000 9.05% autocallable equity notes on Apple, Visa
By Kiku Steinfeld
Chicago, April 10 – Citigroup Global Markets Holdings Inc. priced $225,000 of 9.05% autocallable equity linked securities due Dec. 23, 2025 linked to the common stocks of Apple Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting March 16, 2023 at par if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.
The payout at maturity will be par if the worst performing stock ends at or above its 70% final barrier. Otherwise investors will lose 1% for every 1% that the worst performing stock declines, payable in shares or cash at the option of the issuer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable equity linked securities
|
| Underlying stocks: | Apple Inc. and Visa Inc.
|
| Amount: | $225,000
|
| Maturity: | Dec. 23, 2025
|
| Coupon: | 9.05%
|
| Price: | Par
|
| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier, payable in shares or cash at the option of the issuer
|
| Call: | Automatically starting March 16, 2023 at par if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
|
| Initial levels: | $136.50 for Apple, $207.91 for Visa
|
| Final barriers: | $95.550 for Apple, $145.537 for Visa, 70% of initial levels
|
| Equity ratios: | 7.32601 for Apple, 4.80977 for Visa
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 23
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Cusip: | 17331ADJ7
|
|
|
© 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.
