Published on 12/16/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $575,000 enhanced barrier digital notes on S&P, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Dec. 16 – Citigroup Global Markets Holdings Inc. priced $575,000 of 0% enhanced barrier digital securities due April 27, 2023 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes at or above its 80% digital barrier, the payout at maturity will be par plus the 10.2% digital payment. If that index closes below its digital barrier but not below its 70% final barrier, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Enhanced barrier digital securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $575,000
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| Maturity: | April 27, 2023
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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 digital barrier, par plus 10.2%; if worst performing index closes below its digital barrier but not below final barrier, par; 1% loss for every 1% that worst performer declines if it finishes below its final barrier
|
| Initial levels: | 13,910.76 for Nasdaq, 1,990.134 for Russell, 4,391.69 for S&P
|
| Upside payment: | 10.2%
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| Digital barriers: | 11,128.608 for Nasdaq, 1,592.107 for Russell, 3,513.352 for S&P, 80% of initial levels
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| Final barriers: | 9,737.532 for Nasdaq, 1,393.094 for Russell, 3,074.183 for S&P, 70% of initial levels
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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: | 0.6%
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| Cusip: | 17330FH61
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