Published on 9/1/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $89,000 buffered equity securities on S&P 500 Dynamic Participation
By Kiku Steinfeld
Chicago, Sept. 1 – Citigroup Global Markets Holdings Inc. priced $89,000 of 3% buffered equity linked securities due Jan. 25, 2024 linked to the S&P 500 Dynamic Participation index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par unless the index loses more than 20%, in which case investors will lose 1% for every 1% of its decline beyond 20%.
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: | Buffered equity linked securities
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| Underlying index: | S&P 500 Dynamic Participation index
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| Amount: | $89,000
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| Maturity: | Jan. 25, 2024
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| Coupon: | 3% per year, payable quarterly
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| Price: | Par
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| Payout at maturity: | Par unless index falls below buffer level, in which case investors will lose 1% for every 1% decline beyond 20%
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| Initial level: | 660.01
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| Buffer level: | 528.008, 80% of initial level
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| Pricing date: | Jan. 21, 2022
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| Settlement date: | Jan. 26, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.6%
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| Cusip: | 17329UX48
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