Published on 11/17/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $925,000 upturn securities linked to S&P, Russell
Chicago, Nov. 17 – Citigroup Global Markets Holdings Inc. priced $925,000 of 0% upturn securities due March 7, 2024 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 156% of the laggard index’s return.
Investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Upturn securities
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $925,000
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Maturity: | March 7, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 156% of the gain of the least performing index; full exposure to decline of worst performer from its initial level
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Initial index levels: | 2,000.90 for Russell, 4,328.87 for S&P
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Pricing date: | March 4
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Settlement date: | March 9
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.8%
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Cusip: | 17330ALZ3
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