Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.33 million barrier securities linked to Dow, Nasdaq, Russell
New York, Oct. 25 – Citigroup Global Markets Holdings Inc. priced $2.33 million of 0% barrier securities due Sept. 19, 2025 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus 154.5% of the worst performing index return.
Investors will receive par if the worst performing index declines but ends at or above the 70% barrier and will lose 1% for every 1% that the worst performing 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $2,333,000
|
| Maturity: | Sept. 19, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus 154.5% of worst performing index return; par if worst performing index declines but finishes at or above the 70% barrier; otherwise, full exposure to decline of worst performing index from initial level
|
| Initial levels: | 30,822.42 for Dow Jones industrial average, 11,861.38 for Nasdaq-100 index, 1,798.189 for Russell 2000 index
|
| Final barriers: | 21,575.694 for Dow Jones industrial average, 8,302.966 for Nasdaq-100 index, 1,258.732 for Russell 2000 index, 70% of initial level
|
| Upside leverage: | 154.5%
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 21
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.95%
|
|
|
| Cusip: | 17330RV77
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
