Published on 9/28/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.68 million callable contingent coupon equity linked securities on indexes
New York, Sept. 28 – Citigroup Global Markets Holdings Inc. priced $1.68 million of callable contingent coupon equity linked securities due June 26, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and 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 worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting Dec. 22.
The payout at maturity will be par if the worst performing index ends at or above its 70% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing 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 indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $1,677,000
|
| Maturity: | June 26, 2025
|
| Coupon: | 8%, paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
| Call option: | At par on any monthly review date starting Dec. 22
|
| Initial levels: | 14,701.10 for Nasdaq-100 index, 1,776.503 for Russell 2000 index, 4,320.06 for S&P 500 index
|
| Coupon barriers: | 10,290.770 for Nasdaq-100 index, 1,243.552 for Russell 2000 index, 3,024.042 for S&P 500 index, 70% of initial levels
|
| Final barriers: | 10,290.770 for Nasdaq-100 index, 1,243.552 for Russell 2000 index, 3,024.042 for S&P 500 index, 70% of initial levels
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 27
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.375%
|
| Cusip: | 17291QEP5
|
|
|
|
|
© 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.
