Published on 4/4/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $12.2 million dual directional trigger PLUS on Euro Stoxx 50
New York, April 4 – Citigroup Global Markets Holdings Inc. priced $12.2 million of 0% dual directional trigger PLUS due July 3, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 16%. Investors will receive a 1% gain for each 1% loss if the index declines but finishes above the 85% principal barrier and they will lose 1% for every 1% decline if the index ends below its principal barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley will act as distributor.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Dual directional trigger PLUS
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Underlying index: | Euro Stoxx 50 index
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Amount: | $12,201,000
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Maturity: | July 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of index return subject to a maximum return of par plus 16%; 1% gain for each 1% loss if index declines but ends above principal barrier; full exposure to loss if index ends below principal barrier
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Initial level: | 5,083.42
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Principal barrier: | 4,320.907, 85% of initial level
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Upside leverage: | 200%
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Cap: | 16%
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Pricing date: | March 28
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Settlement date: | April 4
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Agent: | Citigroup Global Markets Inc.
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Distributor: | Morgan Stanley
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Fees: | 2.25%
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Cusip: | 17331AXH9
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