Published on 4/27/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $630,000 5.75% callable equity-linked securities linked to S&P
Chicago, April 27 – Citigroup Global Markets Holdings Inc. priced $630,000 of 5.75% callable equity-linked securities due May 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Coupons will be paid quarterly.
The securities may be called at par on each quarterly coupon payment date starting after one year.
If the index gains or declines but ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.
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 equity-linked securities
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| Underlying index: | S&P 500 index
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| Amount: | $630,000
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| Maturity: | May 30, 2025
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| Coupon: | 5.75% annual rate, payable quarterly
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| Price: | Par
|
| Payout at maturity: | Par if index finishes at or above its downside threshold level; otherwise, 1% loss for every 1% that index declines
|
| Call: | At par on each quarterly coupon payment date starting after one year
|
| Initial level: | 4,057.84
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| Downside threshold: | 2,434.704, 60% of initial level
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| Pricing date: | May 26, 2022
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| Settlement date: | June 1, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330FMW8
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