Published on 8/15/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.28 million 0% barrier securities linked to S&P 500
Chicago, Aug. 15 – Citigroup Global Markets Holdings Inc. priced $1.28 million of 0% barrier securities due Dec. 24, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus the index return. Investors will receive par if the index declines but ends above the 65% barrier and will lose 1% for every 1% that the index declines if it finishes below the barrier.
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: | Barrier securities
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Underlying index: | S&P 500 index
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Amount: | $1,279,000
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Maturity: | Dec. 24, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus index return; par if index declines but finishes above the 65% barrier; otherwise exposure to decline in index
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Upside leverage: | 100%
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Cap: | None
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Initial level: | 4,649.23
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Final barrier: | 3,022.00, 65% of initial level
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Call: | Non-callable
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Pricing date: | Dec. 21, 2021
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Settlement date: | Dec. 27, 2021
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17329UXP1
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