Published on 1/31/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.02 million buffered PLUS linked to Clean Energy ETF
Chicago, Jan. 31 – Citigroup Global Markets Holdings Inc. priced $2.02 million of 0% buffered PLUS due Nov. 5, 2024 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of par plus 35.45%.
Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered PLUS
|
| Underlying ETF: | iShares Global Clean Energy ETF
|
| Amount: | $2,024,500
|
| Maturity: | Nov. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF return is positive, par plus 200% of ETF return, subject to a maximum return of par plus 35.45%; par if ETF declines by 10% or less; otherwise, 1% loss for every 1% that ETF declines beyond 10%
|
| Initial level: | $18.84
|
| Buffer: | 10%
|
| Upside leverage: | 200%
|
| Cap: | 35.45%
|
| Pricing date: | April 29, 2022
|
| Settlement date: | May 4, 2022
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 17330M619
|
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