Published on 10/28/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.06 million dual directional barrier securities on Dow, Nasdaq, Russell
New York, Oct. 28 – Citigroup Global Markets Holdings Inc. priced $1.06 million of 0% dual directional barrier securities due April 24, 2026 linked to the Dow Jones industrial average, the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 150.25% of that index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends at or above the 70% final barrier.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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: | Dual directional barrier securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1.06 million
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| Maturity: | April 24, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 150.25% of that index return; par plus absolute value of worst performing index return if worst performing index declines but ends at or above final barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 31,082.56 for Dow Jones industrial average, 11,310.33 for Nasdaq-100 index, 1,742.238 for Russell 2000 index
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| Upside leverage: | 150.25%
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| Final barriers: | 21,757.792 for Dow Jones industrial average, 7,917.231 for Nasdaq-100 index, 1,219.567 for Russell 2000 index, 70% of initial level
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| Pricing date: | Oct. 21
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| Settlement date: | Oct. 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17330Y4Y3
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