Published on 1/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $873,900 PLUS linked to Euro Stoxx 50
Chicago, Jan. 30 – Citigroup Global Markets Holdings Inc. priced $873,900 of 0% PLUS due Aug. 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 29%. Investors will lose 1% for every 1% that it declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the structuring agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | PLUS
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $873,900
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| Maturity: | Aug. 3, 2023
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| Coupon: | 0%
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| Price: | Par of $10.00
|
| Payout at maturity: | If index return is positive, par plus 300% of index return subject to a maximum return of par plus 29%; 1% loss for every 1% that index declines
|
| Initial level: | 3,802.86
|
| Upside leverage: | 300%
|
| Cap: | 29%
|
| Pricing date: | April 29, 2022
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| Settlement date: | May 5, 2022
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| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as structuring agent
|
| Fees: | 2.25%
|
| Cusip: | 17330M197
|
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