Published on 12/12/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.73 million 7.9% autocallable contingent coupon equity notes on indexes
New York, Dec. 12 – Citigroup Global Markets Holdings Inc. priced $2.73 million of autocallable contingent coupon equity linked securities due Oct. 22, 2024 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 7.9% paid monthly if the worst performing index closes at or above its 50% coupon barrier on the related valuation date.
The securities will be called automatically starting April 17, 2023 if the price of the worst performing index is greater than or equal to its initial pric on any monthly valuation date.
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: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $2,725,000
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| Maturity: | Oct. 22, 2024
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| Coupon: | 7.9% paid monthly if the worst performing index closes at or above its 50% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | Automatically starting April 17, 2023 if the price of the worst performing index is greater than or equal to its initial price on any monthly valuation date
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| Initial levels: | 30,185.82 for Dow Jones industrial average, 1,735.753 for Russell 2000 index, 3,677.95 for S&P 500 index
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| Coupon barriers: | 15,092.91 for Dow Jones industrial average, 867.877 for Russell 2000 index, 1,838.975 for S&P 500 index, 50% of initial levels
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| Final barriers: | 15,092.91 for Dow Jones industrial average, 867.877 for Russell 2000 index, 1,838.975 for S&P 500 index, 50% of initial levels
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 20
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.2%
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| Cusip: | 17330RY82
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