Published on 9/20/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.05 million market-linked securities on Nasdaq, S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – Citigroup Global Markets Holdings Inc. priced $2.05 million of market-linked securities due Sept. 3, 2026 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 100% of the return of the least performing index, up to 92.5%.
If the worst performer declines, investors will lose 1% for every 1% decline of the worst performer to a minimum payout of 95% of 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 securities
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Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
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Amount: | $2.05 million
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Maturity: | Sept. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 100% of the return of the least performing index, up to 92.5%; otherwise, 1% loss for every 1% decline of the worst performer to a minimum payout of 95% of par
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Initial levels: | 12,342.7 for Nasdaq, 3,986.16 for S&P, 1,855.594 for Russell
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Pricing date: | Aug. 30
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Settlement date: | Sept. 2
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.95%
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Cusip: | 17330RAK1
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