Published on 11/18/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1 million autocallable contingent coupon equity linked securities on indexes
New York, Nov. 18 – Citigroup Global Markets Holdings Inc. priced $1 million of autocallable contingent coupon equity linked securities due Oct. 2, 2025 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 10.05% per year, paid monthly, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any monthly valuation date starting Dec. 27.
If the worst performing index finishes at or above its 50% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing index declines.
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 equity linked securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $1 million
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| Maturity: | Oct. 2, 2025
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| Coupon: | 10.05% per year, paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any monthly valuation date starting Dec. 27
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| Initial levels: | 11,311.24 for Nasdaq-100 index, 1,679.590 for Russell 2000 index, 3,693.23 for S&P 500 index
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| Coupon barriers: | 7,917.868 for Nasdaq-100 index, 1,175.713 for Russell 2000 index, 2,585.261 for S&P 500 index, 70% of initial levels
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| Final barriers: | 5,655.620 for Nasdaq-100 index, 839.795 for Russell 2000 index, 1,846.615 for S&P 500 index, 50% of initial levels
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| Strike date: | Sept. 23
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| Pricing date: | Sept. 27
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| Settlement date: | Sept. 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17330RJ48
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