Published on 4/25/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $65,000 0% barrier securities linked to Stoxx, EAFE ETF
Chicago, April 25 – Citigroup Global Markets Holdings Inc. priced $65,000 of 0% barrier securities due May 28, 2027 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 asset gains the payout at maturity will be par plus 205% of the worst performing asset return. Investors will receive par if the worst performing asset declines but ends above the 70% barrier and will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Barrier securities
|
Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
Amount: | $65,000
|
Maturity: | May 28, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing asset gains, par plus 205% of worst performing asset return; par if worst performing asset declines but finishes above the 70% barrier; otherwise, exposure to decline in worst performing asset
|
Upside leverage: | 205%
|
Cap: | None
|
Initial levels: | 3,677.10 for Stoxx, $68.83 for EAFE ETF
|
Final barriers: | 2,573.970 for Stoxx, $48.181 for EAFE ETF, 70% of initial levels
|
Call: | Non-callable
|
Pricing date: | May 25, 2022
|
Settlement date: | May 31, 2022
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 4.13%
|
Cusip: | 17330FFE6
|
|
© 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.