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17417

0.18200000 HKD
0.009
4.71%
Last update Jul 16, 2:59 PM HKT
Market closed
Day range
0.18000001
0.18700001
Previous close
0.19100000
Open
0.18000001
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Citigroup Inc. 2026 NIO Inc. Warrant
0.18
0.01
4.71%

Overview

Description

Citigroup Inc. 2026 NIO Inc. Warrant is a derivative financial instrument known as a European-style call warrant, issued by Citigroup Global Markets. This structured product gives holders the right, but not the obligation, to gain exposure to NIO Inc., a prominent designer and manufacturer of smart electric vehicles, without directly holding its shares. The warrant has a fixed expiry in May 2026, at which point its value is determined by the difference between NIO Inc.'s share price and the warrant's exercise price, if the warrant is "in the money." Like other derivative warrants on the Hong Kong market, this instrument is cash-settled and automatically exercised at expiry if conditions are met, providing potential upside aligned with NIO Inc.'s share performance during the life of the warrant. The product is non-collateralized, meaning its value depends on the creditworthiness of Citigroup rather than NIO Inc.. Such warrants play a significant role in the market by offering investors leveraged exposure and alternative trading strategies linked to leading equities.

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Instrument type
Common stock
Sector
Industry
Country
Hong Kong
MIC code
XHKG
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