Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $2.78 million contingent coupon equity linked autocalls on three indexes
New York, Oct. 25 – Citigroup Global Markets Holdings Inc. priced $2.78 million of autocallable contingent coupon equity linked securities due June 20, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.85% per year, paid quarterly, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date starting March 16, 2023.
The payout at maturity will be par if the worst performing index ends at or above its 70% 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: | Autocallable contingent coupon equity linked securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $2,776,000
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| Maturity: | June 20, 2025
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| Coupon: | 9.85% paid quarterly if the worst performing index closes at or above its 70% 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; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date starting March 16, 2023
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| Initial levels: | 11,861.38 for Nasdaq-100 index, 1,798.189 for Russell 2000 index, 3,873.33 for S&P 500 index
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| Coupon barriers: | 8,302.966 for Nasdaq-100 index, 1,258.732 for Russell 2000 index, 2,711.331 for S&P 500 index, 70% of initial levels
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| Final barriers: | 8,302.966 for Nasdaq-100 index, 1,258.732 for Russell 2000 index, 2,711.331 for S&P 500 index, 70% of initial levels
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.75%
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| Cusip: | 17330RP66
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