Published on 3/7/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $900,000 0% barrier securities linked to Nasdaq, Russell, S&P
Chicago, March 7 – Citigroup Global Markets Holdings Inc. priced $900,000 of 0% barrier securities due May 16, 2025 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 139.35% of the worst performing index return. Investors will receive par if the worst performing index declines but ends above the 60% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.
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: | Barrier securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $900,000
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Maturity: | May 16, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 139.35% of worst performing index return; par if worst performing index declines but finishes above the 60% barrier; otherwise, exposure to decline in worst performing index
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Upside leverage: | 139.35%
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Cap: | None
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Initial levels: | 12,387.40 for Nasdaq, 1,792.666 for Russell, 4,023.89 for S&P
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Final barriers: | 7,432.440 for Nasdaq, 1,075.600 for Russell, 2,414.334 for S&P, 60% of initial levels
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Call: | Non-callable
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Pricing date: | May 13, 2022
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Settlement date: | May 18, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.75%
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Cusip: | 17330FR94
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