Published on 12/14/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $395,000 autocallable securities linked to Dow, Nasdaq, Russell
By Kiku Steinfeld
Chicago, Dec. 14 – Citigroup Global Markets Holdings Inc. priced $395,000 of 0% autocallable securities due April 22, 2027 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus a premium of a 9% annual rate if the worst performing index closes above its initial value and on any annual review date.
If the worst performing index gains, the payout at maturity will be par plus 45%. Investors will receive par if the worst performing index but ends above the 70% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below its 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: | Autocallable securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $395,000
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| Maturity: | April 22, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 45%; par if worst performing index declines but finishes at or above its 70% barrier; otherwise 1% loss for every 1% that worst performing index declines
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| Call: | Automatically at par plus 9% annual rate if the worst performing index closes above its initial value and on any annual review date
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| Initial levels: | 34,411.69 for Dow, 13,910.76 for Nasdaq, 1,990.134 for Russell
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| Final barriers: | 24,088.183 for Dow, 9,737.532 for Nasdaq, 1,393.094 for Russell, 70% of initial level
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| Pricing date: | April 18
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| Settlement date: | April 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17330FAJ0
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