Published on 11/10/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.8 million contingent income autocallables linked to three indexes
New York, Nov. 10 – Citigroup Global Markets Holdings Inc. priced $2.8 million of contingent income autocallable securities due Nov. 7, 2024 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 11.2%, paid quarterly, if each underlying index closes at or above its 65% downside threshold on the related quarterly observation date.
The securities will be called automatically at par if each index closes at or above its initial level on any quarterly observation date.
At maturity, the payout will be par unless the worst performing index finishes below its 65% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing index.
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: | Contingent income autocallable securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $2.8 million
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| Maturity: | Nov. 7, 2024
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| Coupon: | 11.2%, paid quarterly, if each underlying index closes at or above its 65% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par if each index closes at or above its initial level on any quarterly observation date
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| Initial levels: | 10,857.03 for Nasdaq-100 index, 1,799.866 for Russell 2000 index, 3,770.55 for S&P 500 index
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| Downside thresholds: | 7,057.07 for Nasdaq-100 index, 1,169.913 for Russell 2000 index, 2,450.858 for S&P 500 index, 65% of initial level
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| Pricing date: | Nov. 4
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| Settlement date: | Nov. 9
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2% including a structuring fee of 0.5%
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| Cusip: | 17330YJ43
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