Published on 3/10/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $2.06 million callable contingent coupon equity linked notes on index, ETF
New York, March 10 – Citigroup Global Markets Holdings Inc. priced $2.06 million of callable contingent coupon equity linked securities due March 10, 2025 linked to the MSCI Emerging Markets index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.65% per year, paid quarterly, if the worst performing asset closes at or above its 65% coupon barrier on the related valuation date.
The securities may be called at par and on any quarterly review date.
The payout at maturity will be par if the worst performing asset ends at or above its 65% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines.
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: | Callable contingent coupon equity linked securities
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| Underlying assets: | MSCI Emerging Markets index and VanEck Vectors Gold Miners ETF
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| Amount: | $2,058,000
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| Maturity: | March 10, 2025
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| Coupon: | 13.65% per year, paid quarterly if the worst performing asset closes at or above its 65% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing asset declines if it ends below final barrier
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| Call option: | At par and on any quarterly review date
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| Initial levels: | 984.19 for MSCI Emerging Markets index, $28.11 for VanEck Vectors Gold Miners ETF
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| Coupon barriers: | 639.724 for MSCI Emerging Markets index, $18.272 for VanEck Vectors Gold Miners ETF, 65% of initial levels
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| Final barriers: | 639.724 for MSCI Emerging Markets index, $18.272 for VanEck Vectors Gold Miners ETF, 65% of initial levels
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| Pricing date: | March 1
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| Settlement date: | March 6
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 17331CWU7
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