Published on 2/5/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.15 million 11.75% autocallable contingent coupon notes on stocks
New York, Feb. 5 – Citigroup Global Markets Holdings Inc. priced $4.15 million of autocallable contingent coupon equity linked securities due Jan. 28, 2026 linked to the common stocks of Amazon.com, Inc., Apple Inc. and Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.75% paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically starting April 25 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing stock finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock 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: | Autocallable contingent coupon equity linked securities
|
| Underlying stocks: | Amazon.com, Inc., Apple Inc. and Bank of America Corp.
|
| Amount: | $4.15 million
|
| Maturity: | Jan. 28, 2026
|
| Coupon: | 11.75% paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date
|
| 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
|
| Call: | Automatically starting April 25 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date
|
| Initial levels: | $155.20 for Amazon.com, Inc., $184.40 for Apple Inc., $34.01 for Bank of America Corp.
|
| Coupon barriers: | $93.120 for Amazon.com, Inc., $110.640 for Apple Inc., $20.406 for Bank of America Corp., 60% of initial levels
|
| Final barriers: | $93.120 for Amazon.com, Inc., $110.640 for Apple Inc., $20.406 for Bank of America Corp., 60% of initial levels
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 2
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Cusip: | 17331ASP7
|
|
|
|
|
© 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.
