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Citi Multi Memory Express Anleihe Österreich 23-28


ISIN:
XS2544210904
WKN:
A3PMDL

2023/04/04 08:02:50
Bid Ask
100.00 100.00
Difference 0.00% (0.00)

General attributes

IssuerCitigroup Global Markets Funding Luxemburg S.C.A.
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingOMV
VOESTALPINE
Strike Date2023/04/03
Maturity2028/04/13
Coupon/express payment13.100%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00

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Final TermsPDF Download

Productnews

2023/06/06

Corporate Action OMV AG

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Our analysts say...


Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Erste Group Bank AG

Underlyings

Underlying Name and ISINCurrencyPrice underlyingCurrent red. barrCurr.red. barr. dist %Final red. barr.Final red. barr. dist %
OMV
AT0000743059		EUR38.3441.5776-8.44%25.679633.02%
VOESTALPINE
AT0000937503		EUR19.0131.0400-63.28%20.1800-6.15%
Advantages Risks you should be aware of
  • Chance to earn 13.10 % for each year
  • Missed interest payments are paid retrospectively, if the closing price of the underlying with the worst performance is at or above the coupon barrier at a later valuation date (memory function).
  • Possible early redemption at 100.00 % of the nominal amount
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100 % plus 65.50 % at the end of the 5th year, if the closing price of the underlying with the worst performance is at or above the final-redemption-barrier on the last valuation date.
  • Risk buffer (final-redemption-barrier of 65.00 %) compared to a direct investment in the underlyings. A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the closing price on the last valuation date.
  • Cititgroup Global Markets Europe AG will set quotes during the term without being legally obliged to do so.
  • The risk of capital loss depends on the underlying with the worst performance (worst-of). For this product with worst-of structure despite several underlyings there is no risk diversification by spreading the market risk as for a conventional basket product; instead there is a risk concentration.
  • If according to the repayment terms shares are delivered upon maturity, there may be losses for the investors. Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • During the term the bond price will not vary 1:1 with the underlyings and premature sale may lead to capital loss.
  • The earnings are capped at 65.50 %, even if the underlyings perform better.
  • Investors bear the risk of the issuer Citigroup Global Markets Limited, i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • This memory express bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Citigroup Global Markets Limited may not be able to meet its obligations arising from the bond in the event of insolvency or over-indebtedness or from an official order (bail-in regime). A total loss of invested capital is possible.

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.

2023/04/04 08:02:50
Bid Ask
100.00 100.00
Difference 0.00% (0.00)

General attributes

IssuerCitigroup Global Markets Funding Luxemburg S.C.A.
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeFRA
UnderlyingOMV
VOESTALPINE
Issue date2023/04/06
Strike Date2023/04/03
Maturity2028/04/13
Coupon/express payment13.100%
Coupon stylevariable
Coupon barrier in %65.00%
Current redemption barrier in %100.00%
Final redemption barrier in %65.00%
Nominal amount1,000.00
Quantono
First trading day2023/04/06
Last trading day2028/04/06

Express bonds | Description

This memory express bond issued by Citigroup Global Markets Funding Luxemburg S.C.A. refers to the shares of OMV AG and the share of Voestalpine AG (underlyings). It offers an interest payment which depends on the performance of the underlyings. The bond has a term of five years, if there is no early redemption. The redemption at maturity depends on the closing price of the underlyings on the last valuation date.

Interest payments: Interest of 13.10 % on the nominal amount is paid on the annual interest payment dates (15/04/2024; 14/04/2025; 14/04/2026; 13/04/2027; 13/04/2028), if the closing price of all underlyings is at or above the coupon barrier (65.00 % of the strike price) on the valuation date. Otherwise, there is no interest payment. If the interest payment has not been triggered at one or several interest payment dates but has been triggered at a later interest payment date, the interest payments of the earlier periods are paid retrospectively (memory function).

Redemption: The bond will be redeemed on 13/04/2028 if there is no automatic early redemption. There is an early redemption, if the closing price of the underlying with the worst performance is at or above the redemption barrier (100.00 % of the strike price) on one of the valuation dates (08/04/2024, 07/04/2025, 07/04/2026, 06/04/2027). In this case the early redemption amount and the interest amount due at this time are paid.

If there is no early redemption the bond will be redeemed at maturity as follows:

  1. If the closing price of the underlying with the worst performance is at or above the final redemption barrier on the last valuation date (06/04/2028), the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

  2. If the closing price of the underlying with the worst performance is below the final redemption barrier on the last valuation date, a predetermined number of shares (defined by the ratio nominal amount / strike price) of the underlying with the worst performance (worst-of) are delivered. Fractions of shares are settled in cash. In this case capital loss occurs. Furthermore, there is no interest payment at maturity.

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00

Performance

Performance YTD in %-
Performance 1 month in %-
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2023/04/04 08:02:50
Bid Ask
100.00 100.00
Difference 0.00% (0.00)

Date: 2024/11/01 12:04:14
Underlying Quote
38.34 EUR
Difference +0.63% (0.24)

General attributes underlying

NameOMV
ISINAT0000743059
Stock exchange (underlying)VIE
Currency (underlying)EUR
Price38.34
Time24/11/01 - 12:04:14
Start value underlying39.5071
Strike price39.5071
Coupon barrier27.0283
Current redemption barrier41.5776
Current redemption barrier distance-3.24
Current redemption barrier distance in %-8.44%
Final redemption barrier25.6796
Final redemption barrier distance12.66
Final redemption barrier distance in %33.02%
No of shares for redemption25
Today high38.54
Today low38.10
High price (52 weeks)48.14
Low price (52 weeks)36.18
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Information about previous performance does not guarantee future performance.
Source: FactSet

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