Published on 11/2/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $11.76 million autocallable contingent coupon market-linked notes on Nasdaq, Russell
New York, Nov. 2 – Citigroup Global Markets Holdings Inc. priced $11.76 million of autocallable contingent coupon market-linked notes due Oct. 29, 2027 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 6.5% paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically starting Oct. 25, 2023 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date.
The payout at maturity will be par plus any contingent coupon.
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 market-linked notes
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $11,762,000
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| Maturity: | Oct. 29, 2027
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| Coupon: | 6.5%. payable monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par plus any contingent coupon
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| Call: | Automatically starting Oct. 25, 2023 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | 11,405.9 for Nasdaq, 1,804.331 for Russell
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| Coupon barriers: | 9,124.72 for Nasdaq, 1,443.465 for Russell, 80% of initial levels
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.2%
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| Cusip: | 17330RPL3
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