Published on 1/27/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.29 million autocallable securities linked to Dow, Nasdaq, Russell
Chicago, Jan. 27 – Citigroup Global Markets Holdings Inc. priced $2.29 million of 0% autocallable securities due Oct. 28, 2024 linked to the worst performing of 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 15.5% annual rate if the worst performing index closes above its initial value and on any quarterly review date starting after one year.
If the worst performing index gains, the payout at maturity will be par plus 27.125%. 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: | $2,292,000
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Maturity: | Oct. 28, 2024
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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 27.125%; 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 15.5% annual rate if the worst performing index closes above its initial value and on any annual review date
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Initial levels: | 33,629.56 for Dow, 11,872.54 for Nasdaq, 1,890.767 for Russell
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Final barriers: | 23,540.692 for Dow, 8,310.778 for Nasdaq, 1,323.537 for Russell, 70% of initial level
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Pricing date: | Jan. 23
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Settlement date: | Jan. 26
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.725%
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Cusip: | 17331CBN6
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