Published on 2/8/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $780,000 autocallable contingent coupon equity-linked notes on indexes
Chicago, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $780,000 of autocallable contingent coupon equity-linked notes due Feb. 1, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.25% per year, paid monthly, if the worst performing index closes at or above its 70% 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 three months.
At maturity, the payout will be par if all three indexes close above their 70% barrier level.
Otherwise, investors will be fully exposed to the losses of the worst performer.
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 contingent coupon equity-linked notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $780,000
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| Maturity: | Feb. 1, 2024
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| Coupon: | 11.25% per year, paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par if all three indexes finish above their final barrier levels; otherwise, full exposure to losses of worst performer
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| 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 three months
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| Initial levels: | 12,854.80 for Nasdaq, 1,864.103 for Russell, 32,977.21 for Dow
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| Coupon barriers: | 8,998.360 for Nasdaq, 1,304.872 for Russell, 23,084.047 for Dow; 70% of initial levels
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| Final barrier levels: | 8,998.360 for Nasdaq, 1,304.872 for Russell, 23,084.047 for Dow; 70% of initial levels
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.7%
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| Cusip: | 17330FC58
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