Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $477,000 0% barrier securities linked to Stoxx, EAFE ETF
Chicago, Oct. 12 – Citigroup Global Markets Holdings Inc. priced $477,000 of 0% barrier securities due Oct. 5, 2027 linked to the worst performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout at maturity will be par plus 192.25% of the worst performing asset return. Investors will receive par if the worst performing asset declines but ends above the 70% barrier and will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.
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: | Barrier securities
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Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $477,000
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Maturity: | Oct. 5, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains, par plus 192.25% of worst performing asset return; par if worst performing asset declines but finishes above the 70% barrier; otherwise, exposure to decline in worst performing asset
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Initial levels: | 3,318.20 for Stoxx, $56.01 for EAFE ETF
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Final barriers: | 2,322.740 for Stoxx, $39.207 for EAFE ETF, 70% of initial levels
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Upside leverage: | 192.25%
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Cap: | None
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Call: | Non-callable
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Pricing date: | Sept. 30, 2022
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Settlement date: | Oct. 5, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17330R7K5
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