Published on 5/5/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $836,180 trigger jump securities linked to Apple
By Kiku Steinfeld
Chicago, May 5 – Citigroup Global Markets Holdings Inc. priced $836,180 of 0% trigger jump securities due Jan. 6, 2026 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the stock is positive, the payout at maturity will be par plus 52%. Investors will receive par if the stock declines but finishes at or above the trigger level and will lose 1% for every 1% that the stock declines if it finishes below the trigger level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Trigger jump securities
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Underlying stock: | Apple Inc.
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Amount: | $836,180
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Maturity: | Jan. 6, 2026
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Coupon: | 0%
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Price: | $10.00
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Payout at maturity: | If stock return is positive, par plus 52%; par if stock declines but finishes at or above trigger level; 1% loss for every 1% that stock declines if it finishes below trigger level
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Initial level: | $129.61
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Upside payment: | 52%
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Trigger level: | $103.688, 80% of initial level
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Pricing date: | Dec. 29, 2022
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Settlement date: | Jan. 5, 2023
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17330X714
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