Published on 11/10/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.01 million barrier securities linked to S&P 500
New York, Nov. 10 – Citigroup Global Markets Holdings Inc. priced $1.01 million of 0% barrier securities due Nov. 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 22%.
Investors will receive par if the index declines but ends at or above the 85% barrier and will lose 1% for every 1% that the index declines if it finishes below the barrier.
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: | Barrier securities
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Underlying index: | S&P 500 index
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Amount: | $1,007,000
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Maturity: | Nov. 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 150% of index return, subject to a maximum return of par plus 22%; par if index declines but finishes at or above the 85% barrier; otherwise, 1% loss for every 1% decline from initial level
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Initial level: | 3,830.60
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Final barrier: | 3,256.01, 85% of initial level
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Upside leverage: | 150%
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Cap: | 22%
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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: | 2%
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Cusip: | 17330RGR0
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