Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: Citi sells $610,000 buffered market-linked notes on S&P 500 index
Chicago, March 3 – Citigroup Global Markets Holdings Inc. priced $610,000 of 0% buffered market-linked securities due May 15, 2025 linked to the S&P 500 index, according to a 424B5 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 25.5%.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%, with a minimum payout of $900 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: | Buffered market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $610,000
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Maturity: | May 15, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 25.5%; par if index falls by up to 20%; exposure to losses beyond 20% with a minimum payout of $900 per $1,000 note
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Initial level: | 3,930.08
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Buffer level: | 3,144.064, 80% of initial level
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Pricing date: | May 12, 2022
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Settlement date: | May 17, 2022
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17330FTV3
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