Published on 5/2/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $9.64 million Trigger PLUS linked to MSCI Europe
New York, May 2 – Citigroup Global Markets Holdings Inc. priced $9.64 million of 0% Trigger PLUS due April 30, 2026 linked to the MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 159% of the index return. Investors will receive par if the index return is negative but ends at or above the 85% trigger and will lose 1% for every 1% decline if it ends 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 PLUS
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| Underlying index: | MSCI Europe index
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| Amount: | $9,644,000
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| Maturity: | April 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 159% of index return; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
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| Initial level: | 157.12
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| Trigger level: | 133.552, 85% of initial level
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| Upside leverage: | 159%
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| Cap: | None
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3% including a structuring fee of 0.5%
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| Cusip: | 17331HSN7
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