Published on 7/31/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $275,000 10.8% autocallable equity linked securities on AMD, Qualcomm
New York, July 31 – Citigroup Global Markets Holdings Inc. priced $275,000 of 10.8% autocallable equity linked securities due July 31, 2026 linked to the common stocks of Advanced Micro Devices, Inc. and Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
The securities will be called automatically at par if the closing price of the worst performing stock is greater than or equal to its initial price on any quarterly valuation date.
The payout at maturity will be par if the worst performing stock ends at or above its 60% final barrier. Otherwise, investors will receive a number of shares of the worst performer equal to $1,000 divided by its initial level or, at the issuer’s option, the cash equivalent.
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 equity linked securities
|
| Underlying stocks: | Advanced Micro Devices, Inc. and Qualcomm Inc.
|
| Amount: | $275,000
|
| Maturity: | July 31, 2026
|
| Coupon: | 10.8%, paid quarterly
|
| Price: | Par
|
| Payout at maturity: | If worst performing stock finishes at or above final barrier, par; otherwise, receive a number of shares of the worst performer equal to its equity ratio or, at the issuer’s option, the cash equivalent
|
| Call: | Automatically at par if the closing price of the worst performing stock is greater than or equal to its initial price on any quarterly valuation date
|
| Initial levels: | $110.95 for Advanced Micro Devices, Inc., $124.72 for Qualcomm Inc.
|
| Final barriers: | $66.570 for Advanced Micro Devices, Inc., $74.832 for Qualcomm Inc., 60% of initial levels
|
| Equity ratios: | 9.01307 for Advanced Micro Devices, Inc., 8.01796 for Qualcomm Inc., shares delivered per security
|
| Strike date: | July 21
|
| Pricing date: | July 24
|
| Settlement date: | July 31
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.25%
|
| Cusip: | 17331AGC9
|
|
|
|
|
© 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.
