Published on 10/26/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $125,000 market-linked notes linked to Citi Radar 5 Excess
By Kiku Steinfeld
Chicago, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $125,000 of 0% market-linked notes due Feb. 28, 2029 linked to the Citi Radar 5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 175% of the index return. Otherwise investors will receive 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 notes
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Underlying index: | Citi Radar 5 Excess Return index
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Amount: | $125,000
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Maturity: | Feb. 28, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 175% of index return; minimum payout of par
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Initial level: | 233.50
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Upside leverage: | 175%
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Cap: | None
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 4.1%
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Cusip: | 17330AF56
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