Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.51 million 8.75% callable contingent coupon securities on Nasdaq, Dow, S&P
New York, Oct. 25 – Citigroup Global Markets Holdings Inc. priced $1.51 million of callable contingent coupon equity linked securities due Oct. 23, 2025 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.75% paid monthly if the worst performing index closes at or above its 60% coupon barrier on the related valuation date.
The securities may be called starting Oct. 19, 2023 and on any subsequent monthly review date if each index closes at or above its initial level.
The payout at maturity will be par if the worst performing index ends at or above its 50% final barrier. Otherwise investors will lose 1% for every 1% that the worst performing index declines.
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: | Callable contingent coupon equity linked securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $1,505,000
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| Maturity: | Oct. 23, 2025
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| Coupon: | 8.75% paid monthly if the worst performing index closes at or above its 60% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | Starting Oct. 19, 2023 and on any subsequent monthly review date | if each index closes at or above its initial level
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| Initial levels: | 30,423.81 for Dow, 11,103.38 for Nasdaq-100, 3,695.16 for S&P 500
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| Coupon barriers: | 18,254.286 for Dow, 6,662.028 for Nasdaq-100, 2,217.096 for S&P 500, 60% of initial levels
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| Final barriers: | 15,211.905 for Dow, 5,551.690 for Nasdaq-100, 1,847.580 for S&P 500, 50% of initial levels
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| Pricing date: | Oct. 19
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| Settlement date: | Oct. 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17330Y4V9
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