Published on 7/25/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $546,000 market-linked notes tied to SPDR S&P 500 ETF Trust
New York, July 25 – Citigroup Global Markets Holdings Inc. priced $546,000 of 0% market-linked notes due Jan. 2, 2026 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus the ETF return, subject to a maximum return of par plus 30%. Otherwise, investors will receive par.
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: | Market-linked notes
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| Underlying fund: | SPDR S&P 500 ETF Trust
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| Amount: | $546,000
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| Maturity: | Jan. 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes positive, par plus ETF return capped at 30%; otherwise, par
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| Initial level: | $388.59
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| Cap: | 30%
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17330PDS5
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