Published on 4/21/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $847,000 autocallable contingent coupon notes on four stocks
Chicago, April 22 – Citigroup Global Markets Holdings Inc. priced $847,000 of autocallable contingent coupon equity-linked securities due Jan. 26, 2029 linked to the worst performing of the common stocks of Nvidia Corp., Amazon.com, Inc. and Apple Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.75% paid monthly if the worst performing stock closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting after one year 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: | Nvidia Corp., Amazon.com, Inc. and Apple Inc. and Microsoft Corp.
|
Amount: | $847,000
|
Maturity: | Jan. 26, 2029
|
Coupon: | 12.75% annual rate, paid monthly if the worst performing stock closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons
|
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 after one year 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: | $156.02 for Amazon, $195.18 for Apple, $398.90 for Microsoft, $598.73 for Nvidia
|
Coupon barriers: | $109.214 for Amazon, $136.626 for Apple, $279.23 for Microsoft, $419.111 for Nvidia; 70% of initial levels
|
Final barriers: | $93.612 for Amazon, $117.108 for Apple, $239.340 for Microsoft, $359.238 for Nvidia, 60% of initial levels
|
Pricing date: | Jan. 23
|
Settlement date: | Jan. 26
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 4.25%
|
Cusip: | 17291TNR5
|
|
© 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.