Published on 11/18/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $861,600 Trigger PLUS linked to Euro Stoxx 50
By Kiku Steinfeld
Chicago, Nov. 18 – Citigroup Global Markets Holdings Inc. priced $861,600 of 0% Trigger PLUS due April 5, 2028 linked to the Euro Stoxx 50 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 206% of the index return. Investors will receive par if the index return is negative but ends at or above the 75% 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: | Euro Stoxx 50 index
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| Amount: | $861,600
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| Maturity: | April 5, 2028
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| Coupon: | 0%
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| Price: | $10.00
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| Payout at maturity: | If index return is positive, par plus 206% 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
|
| Initial level: | 3,889.69
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| Trigger level: | 2,917.268, 75% of initial level
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| Upside leverage: | 206%
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| Cap: | None
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| Pricing date: | March 16
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| Settlement date: | March 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5% including a structuring fee of 0.5%
|
| Cusip: | 17330L751
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