Published on 11/4/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1 million equity-linked securities on Nasdaq, Dow
Chicago, Nov. 4 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due March 7, 2024 tied to the performance of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 6.7% per year, payable quarterly.
If each index finishes at or above 80% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Equity-linked securities
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Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average
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Amount: | $1,000,000
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Maturity: | March 7, 2024
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Coupon: | 6.7% per year, payable quarterly
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Price: | Par
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Payout at maturity: | If each index finishes at or above downside threshold level, par; otherwise, 1% loss for every 1% decline of the worst performer from its initial level
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Initial levels: | 14,243.69 for Nasdaq, 33,891.35 for Dow
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Downside threshold levels: | 11,394.952 for Nasdaq, 27,113.08 for Dow; 80% of initial levels
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Pricing date: | March 2
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Settlement date: | March 7
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17330AW73
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