Published on 12/16/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $354,000 0% dual directional barrier securities on Dow, Nasdaq, S&P
By Kiku Steinfeld
Chicago, Dec. 16 – Citigroup Global Markets Holdings Inc. priced $354,000 of 0% dual directional barrier securities due April 22, 2027 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 117.05% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 70% final barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
The securities are non-callable.
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: | Dual directional barrier securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $354,000
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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 gains, par plus 117.05% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above final barrier; 1% loss for every 1% that worst performing index declines if it ends below final barrier
|
| Upside leverage: | 117.05%
|
| Cap: | None
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| Final barriers: | 24,437.840 for Dow, 9,947.182 for Nasdaq, 3,123.547 for S&P, 70% of initial level
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| Call: | Non-callable
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| Initial levels: | 34,911.20 for Dow, 14,210.26 for Nasdaq, 4,462.21 for S&P
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| Pricing date: | April 19
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| Settlement date: | April 22
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
|
| Cusip: | 17330F2S9
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