Published on 11/8/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.66 million dual directional buffer notes linked to Dow, Russell, S&P
New York, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $1.66 million of 0% dual directional buffer securities due Feb. 5, 2024 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 100% of the worst performing index return subject to a maximum return of par plus 25.7%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 80% buffer level.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities 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: | Dual directional buffer securities
|
Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
|
Amount: | $1,655,000
|
Maturity: | Feb. 5, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains, par plus 100% of worst performing index return subject to a maximum return of par plus 25.7%; par plus absolute value of worst performing index return if worst performing index declines but ends above 80% buffer level; 1% loss for every 1% that worst performing index declines beyond buffer
|
Call: | Non-callable
|
Initial levels: | 32,732.95 for Dow Jones industrial average, 1,846.863 for Russell 2000 index, 3,871.98 for S&P 500 index
|
Buffer levels: | 26,186.36 for Dow Jones industrial average, 1,477.490 for Russell 2000 index, 3,097.584 for S&P 500 index, 80% of initial levels
|
Upside leverage: | 100%
|
Cap: | 25.7%
|
Buffer: | 20%
|
Pricing date: | Oct. 31, 2022
|
Settlement date: | Nov. 3, 2022
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.5%
|
Cusip: | 17330Y3Z1
|
|
© 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.