Published on 9/8/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.02 million market-linked notes tied to Dow, Russell, S&P
By William Gullotti
Buffalo, N.Y., Sept. 8 – Citigroup Global Markets Holdings Inc. priced $1.02 million of market-linked notes due Sept. 3, 2027 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Notes and Exchange Commission.
The payout at maturity will be par plus the return of the least performing index.
If any index declines, 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 indexes: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
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Amount: | $1,017,000
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Maturity: | Sept. 3, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus the return of the least performing index; otherwise, par
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Initial levels: | 31,510.43 for Dow, 3,955.0 for S&P, 1,844.115 for Russell
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17330PHY8
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