Published on 3/17/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $697,000 PLUS linked to Russell 2000
By Kiku Steinfeld
Chicago, March 17 – Citigroup Global Markets Holdings Inc. priced $697,000 of 0% PLUS due March 5, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 27%. Investors will lose 1% for every 1% that it declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as a selected dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | PLUS
|
| Underlying index: | Russell 2000 index
|
| Amount: | $697,000
|
| Maturity: | March 5, 2024
|
| Coupon: | 0%
|
| Price: | $10.00
|
| Payout at maturity: | If index return is positive, par plus 300% of index return subject to a maximum return of par plus 27%; 1% loss for every 1% that index declines
|
| Initial level: | 1,886.577
|
| Upside leverage: | 300%
|
| Cap: | 27%
|
| Pricing date: | Nov. 30, 2022
|
| Settlement date: | Dec. 5, 2022
|
| Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as a selected dealer
|
| Fees: | 2.25%
|
| Cusip: | 17330X276
|
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