Published on 1/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $2.54 million autocallable contingent coupon market-linked notes on indexes
Chicago, Jan. 30 – Citigroup Global Markets Holdings Inc. priced $2.54 million of market-linked notes that are autocallable with contingent coupon and contingent downside due April 27, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11% per year, paid monthly, if the worst performing index closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any monthly valuation date starting after six months.
Investors will receive par if all three indexes close above their 75% final barrier levels.
Otherwise, investors will be fully exposed to the losses of the worst performer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and Wells Fargo Securities are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes - autocallable with contingent coupon and contingent downside
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $2,544,000
|
| Maturity: | April 27, 2023
|
| Coupon: | 11% per year, paid monthly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par if all three indexes close above final barrier levels; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any monthly valuation date starting after six months
|
| Initial levels: | 4,131.93 for S&P, 1,864.103 for Russell, 12,854.80 for Nasdaq
|
| Coupon barriers: | 3,098.9475 for S&P, 1,398.07725 for Russell, 9,641.10 for Nasdaq; 75% of initial levels
|
| Final barrier levels: | 3,098.9475 for S&P, 1,398.07725 for Russell, 9,641.10 for Nasdaq; 75% of initial levels
|
| Pricing date: | April 29, 2022
|
| Settlement date: | May 4, 2022
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities
|
| Fees: | 1.275%
|
| Cusip: | 17330FGR6
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
