Published on 2/17/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.2 million contingent barrier digital notes on Amazon
Chicago, Feb. 17 – Citigroup Global Markets Holdings Inc. priced $1.2 million of 0% contingent barrier digital notes due May 17, 2023 linked to Amazon.com, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than 80% of the initial level, the payout will be par plus 16.55%.
Otherwise, investors will be fully exposed to the losses of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
|
| Issue: | Contingent barrier digital notes
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $1,200,000
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| Maturity: | May 17, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 16.55% if stock closes above barrier level; otherwise, full exposure to losses of stock
|
| Initial share price: | $2,485.63
|
| Barrier level: | $1,988.504; 80% of initial level
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| Strike date: | April 29, 2022
|
| Pricing date: | May 2, 2022
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| Settlement date: | May 5, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 17330FWX5
|
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