Published on 5/2/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $9.42 million barrier securities on Nasdaq, S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 2 – Citigroup Global Markets Holdings Inc. priced $9.42 million of 0% barrier securities due April 27, 2027 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index finishes at or above its initial level, payout will be par plus 1.51 times the return of the least-performing index.
If the least-performing index finishes below its initial level but at or above its final barrier level, 65% of its initial level, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index 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: | Barrier securities
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index, Russell 2000 index
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| Amount: | $9,415,000
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| Maturity: | April 27, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus 1.51 times the gain of the least-performing index; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the least-performing index from its initial level
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| Initial levels: | 13,356.87 for Nasdaq, 4,271.78 for S&P, 1,940.665 for Russell
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| Final barrier levels: | 8,681.966 for Nasdaq, 2,776.657 for S&P, 1,261.432 for Russell; 65% of initial levels
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17330FHG9
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