Published on 3/1/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.53 million 10.8% callable contingent coupon notes on Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, March 1 – Citigroup Global Markets Holdings Inc. priced $1.53 million of callable contingent coupon equity linked securities due May 24, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.8% 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 starting Nov. 21, 2023 at par and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing index ends at or above its 60% 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: | $1.53 million
|
Maturity: | May 24, 2024
|
Coupon: | 10.8% paid monthly if the worst performing index closes at or above its coupon barrier on the related valuation date
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
|
Call: | Starting Nov. 21, 2023 at par and on any subsequent monthly review date
|
Initial levels: | 11,553.45 for Nasdaq, 1,839.141 for Russell, 3,949.94 for S&P
|
Coupon barriers: | 8,087.415 for Nasdaq, 1,287.399 for Russell, 2,764.958 for S&P, 70% of initial levels
|
Final barriers: | 6,932.070 for Nasdaq, 1,103.485 for Russell, 2,369.964 for S&P, 60% of initial levels
|
Pricing date: | Nov. 21, 2022
|
Settlement date: | Nov. 25, 2022
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.875%
|
Cusip: | 17330YTB6
|
|
© 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.