Published on 12/11/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $798,000 6.4% contingent coupon equity linked securities on S&P 500
By Kiku Steinfeld
Chicago, Dec. 12 – Citigroup Global Markets Holdings Inc. priced $798,000 of contingent coupon equity linked securities due April 14, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.4% paid monthly if the index closes at or above its 70% coupon barrier on the related valuation date.
The payout at maturity will be par if the index ends at or above its 70% final barrier. Otherwise investors will lose 1% for every 1% that the 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: | Contingent coupon equity linked securities
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Underlying index: | S&P 500 index
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Amount: | $798,000
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Maturity: | April 14, 2023
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Coupon: | 6.4% paid monthly if the index closes at or above its 70% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
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Call: | Non-callable
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Initial level: | 4,488.28
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Coupon barrier: | 3,141.796, 70% of initial level
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Final barrier: | 3,141.796, 70% of initial level
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Pricing date: | April 11
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Settlement date: | April 14
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17330FCR0
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