Published on 2/22/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $500,000 market-linked securities linked to Euro Stoxx 50
Chicago, Feb. 22 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% market-linked securities due May 8, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 100% of the index return subject to a maximum return of par plus 24%. Otherwise, investors will be fully exposed to the losses of the index with a minimum payout of $950 per $1,000 note.
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: | Market-linked securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $500,000
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Maturity: | May 8, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus index return subject to a maximum return of par plus 24%; otherwise, full exposure to losses of index with minimum payout of $950 per $1,000 note
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Initial level: | 3,761.19
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Cap: | 24%
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Pricing date: | May 3, 2022
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Settlement date: | May 6, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17330FLS8
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