Published on 3/31/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $340,000 digital securities on S&P, Russell
By Kiku Steinfeld
Chicago, March 31 – Citigroup Global Markets Holdings Inc. priced $340,000 of 0% digital securities due Dec. 12, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level of each index is greater than or equal to the initial level, the payout at maturity will be par plus the 50.25% digital return.
Investors will share in losses of the worst performing index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Digital securities
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| Underlying index: | S&P 500 index, Russell 2000 index
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| Amount: | $340,000
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| Maturity: | Dec. 12, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ending level of each index is greater than or equal to starting level, par plus 50.25%; full exposure to decline of the worst performing index
|
| Starting level: | 1,796.661 for Russell, 3,934.38 for S&P
|
| Pricing date: | Dec. 9
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| Settlement date: | Dec. 14
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.2%
|
| Cusip: | 17330YTH3
|
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