Published on 11/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1 million 9.15% buffered equity linked securities on indexes
Chicago, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $1 million of 9.15% buffered equity linked securities due Oct. 28, 2024 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Coupons will be paid quarterly.
If the worst performing index gains or declines but by no more than its 15% buffer the payout at maturity will be par. Otherwise investors will lose 1% for every 1% the worst performing index declines beyond its buffer.
The notes are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Buffered equity linked securities
|
Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
|
Amount: | $1 million
|
Maturity: | Oct. 28, 2024
|
Coupon: | 9.15% annual rate, paid quarterly
|
Price: | Par
|
Payout at maturity: | Par if worst performing index gains or declines but by no more than 15% buffer; otherwise, 1% loss for each 1% that worst performing index declines beyond the buffer
|
Initial levels: | 31,499.62 for Dow, 11,430.26 for Nasdaq, 3,797.34 for S&P
|
Buffer levels: | 26,774.677 for Dow, 9,715.721 for Nasdaq, 3,227.739 for S&P, 85% of initial levels
|
Buffer: | 15%
|
Call: | Non-callable
|
Pricing date: | Oct. 25, 2022
|
Settlement date: | Oct. 28, 2022
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.4%
|
Cusip: | 17330YKY5
|
|
© 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.