Published on 10/26/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.58 million 16.9% buffered equity linked securities on three tech stocks
New York, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $1.58 million of 16.9% buffered equity linked securities due Oct. 24, 2024 linked to the common stocks of Advanced Micro Devices, Inc., Microsoft Corp. and Trade Desk, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
If the worst performing stock finishes at or above its 80% buffer level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% the worst performing stock declines beyond 20%.
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: | Buffered equity linked securities
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Underlying stocks: | Advanced Micro Devices, Inc., Microsoft Corp. and Trade Desk, Inc.
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Amount: | $1.58 million
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Maturity: | Oct. 24, 2024
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Coupon: | 16.9% per year, paid monthly
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Price: | Par
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Payout at maturity: | Par if worst performing stock finishes at or above buffer level; otherwise, 1% loss for each 1% that worst performing stock declines beyond the buffer
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Initial levels: | $57.77 for Advanced Micro Devices, Inc., $236.15 for Microsoft Corp., $56.48 for Trade Desk, Inc.
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Buffer: | 20%
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Buffer levels: | $46.216 for Advanced Micro Devices, Inc., $188.920 for Microsoft Corp., $45.184 for Trade Desk, Inc., 80% of initial level
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Pricing date: | Oct. 20
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Settlement date: | Oct. 25
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.4%
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Cusip: | 17330Y3J7
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