E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/27/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $313,000 0% buffer securities linked to Stoxx, EAFE ETF

Chicago, Sept. 27 – Citigroup Global Markets Holdings Inc. priced $313,000 of 0% buffer securities due Feb. 6, 2025 linked to the worst performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains the payout at maturity will be par plus 195% of the worst performing asset return. Investors will receive par if the worst performing asset declines but ends above the 10% buffer and will lose 1% for every 1% that the worst performing asset declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying assets:Euro Stoxx 50 index and iShares MSCI EAFE ETF
Amount:$313,000
Maturity:Feb. 6, 2025
Coupon:0%
Price:Par
Payout at maturity:If worst performing asset gains, par plus 195% of worst performing asset return; par if worst performing asset declines but finishes above the 10% buffer; otherwise, exposure to decline in worst performing asset beyond buffer
Upside leverage:195%
Cap:None
Initial levels:4,141.02 for Stoxx, $75.89 for EAFE ETF
Buffer:10%
Buffer levels:3,726.918 for Stoxx, $68.301 for EAFE ETF, 90% of initial levels
Call:Non-callable
Pricing date:Feb. 3
Settlement date:Feb. 8
Agent:Citigroup Global Markets Inc.
Fees:0.7%
Cusip:17330AH62

© 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.