Published on 2/8/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.18 million callable contingent coupon equity linked notes on index, ETF
New York, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $1.18 million of callable contingent coupon equity linked securities due Feb. 10, 2026 linked to the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15% per year, paid semiannually, if the worst performing asset closes at or above its 60% coupon barrier on the related valuation date.
The securities may be called at par on any semiannual determination date starting Feb. 5, 2024.
The payout at maturity will be par if the worst performing asset ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines.
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 assets: | S&P 500 index and SPDR S&P Oil & Gas Exploration & Production ETF
|
Amount: | $1,184,000
|
Maturity: | Feb. 10, 2026
|
Coupon: | 15% per year, paid semiannually if the worst performing asset closes at or above its 60% coupon barrier on the related valuation date
|
Price: | Par
|
Payout at maturity: | If worst performing asset finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
|
Call option: | At par on any semiannual determination date starting Feb. 5, 2024
|
Initial levels: | 4,136.48 for S&P 500 index, $134.95 for SPDR S&P Oil & Gas Exploration & Production ETF
|
Coupon barriers: | 2,481.888 for S&P 500 index, $80.970 for SPDR S&P Oil & Gas Exploration & Production ETF, 60% of initial levels
|
Final barriers: | 2,481.888 for S&P 500 index, $80.970 for SPDR S&P Oil & Gas Exploration & Production ETF, 60% of initial levels
|
Pricing date: | Feb. 3
|
Settlement date: | Feb. 10
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0%
|
|
Cusip: | 17331CAM9
|
|
|
© 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.