Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $500,000 10.5% single observation ELKS on Apple
Chicago, May 1 – Citigroup Global Markets Holdings Inc. priced $500,000 of 10.5% Single Observation Equity Linked Securities due June 15, 2023 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The payout at maturity will be par unless the final price is less than 80% of the initial price, in which case the payout will be a number of shares equal to $10,000 divided by the initial share price.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Single Observation Equity Linked Securities
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Underlying stock: | Apple Inc.
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Amount: | $500,000
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Maturity: | June 15, 2023
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Coupon: | 10.5%, payable monthly
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Price: | Par of $10,000
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Payout at maturity: | Par unless final share price is less than 80% of initial price, in which case investors will receive 72.9235 shares
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Initial share price: | $137.13
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Downside threshold: | $109.704; 80% of initial level
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Pricing date: | June 10, 2022
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Settlement date: | June 15, 2022
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17330DFD3
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