Published on 5/27/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $585,000 8% callable contingent coupon equity linked securities on S&P 500
By Kiku Steinfeld
Chicago, May 30 – Citigroup Global Markets Holdings Inc. priced $585,000 of callable contingent coupon equity linked securities due Jan. 25, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% paid monthly if the index closes at or above its 65% coupon barrier level on the related valuation date.
The securities may be called starting Jan. 21, 2025 at par on any subsequent monthly review date.
The payout at maturity will be par if the index ends at or above its 65% final barrier level. Otherwise investors will lose 1% for every 1% that the index 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 index: | S&P 500 index
|
Amount: | $585,000
|
Maturity: | Jan. 25, 2028
|
Coupon: | 8% paid monthly if the index closes at or above its 65% coupon barrier level on the related valuation date
|
Price: | Par
|
Payout at maturity: | If index finishes at or above final barrier level par; 1% loss for every 1% that index declines if it ends below final barrier level
|
Call: | Starting Jan. 21, 2025 at par on any subsequent monthly review date
|
Initial level: | 3,972.61
|
Coupon barrier level: | 2,582.197, 65% of initial level
|
Final barrier level: | 2,582.197, 65% of initial level
|
Pricing date: | Jan. 20, 2023
|
Settlement date: | Jan. 25, 2023
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.75%
|
Cusip: | 17331CHA8
|
|
|
© 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.