Published on 6/14/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.36 million notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., June 14 – Citigroup Global Markets Holdings Inc. priced $2.36 million of 0% market-linked notes due June 12, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus any index gain, subject to a maximum payout of par plus 13.2%. Otherwise, investors will receive par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,355,000
|
| Maturity: | June 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain capped at 13.2%; otherwise, par
|
| Initial level: | 4,160.68
|
| Pricing date: | June 7
|
| Settlement date: | June 10
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17330P3Z0
|
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