Published on 12/19/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $3.53 million contingent coupon equity linked securities on three indexes
New York, Dec. 19 – Citigroup Global Markets Holdings Inc. priced $3.53 million of contingent coupon equity linked securities due May 4, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.9% per year, payable monthly, if the worst performing index closes at or above its 60% final barrier on the related valuation date.
The payout at maturity will be par if the worst performing index ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial 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: | Contingent coupon equity linked securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $3,531,000
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Maturity: | May 4, 2023
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Coupon: | 7.9% per year, payable monthly if the worst performing index closes at or above its 60% final barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 11,288.95 for Nasdaq-100 index, 1,851.388 for Russell 2000 index, 3,856.10 for S&P 500 index
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Final barriers: | 6,773.370 for Nasdaq-100 index, 1,110.833 for Russell 2000 index, 2,313.660 for S&P 500 index, 60% of initial levels
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Pricing date: | Nov. 1
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Settlement date: | Nov. 4
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17330YBD1
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