Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $701,000 0% barrier securities linked to Amazon, Netflix, Disney
Chicago, May 1 – Citigroup Global Markets Holdings Inc. priced $701,000 of 0% barrier securities due June 11, 2024 linked to the common stocks of Amazon.com, Inc., Netflix, Inc. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing stock gains the payout at maturity will be par plus 315% of the worst performing stock return. Investors will receive par if the worst performing stock declines but ends above the 70% barrier and will lose 1% for every 1% that the worst performing stock 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 stocks: | Amazon.com, Inc., Netflix, Inc. and Walt Disney Co.
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Amount: | $701,000
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Maturity: | June 11, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing stock gains, par plus 315% of worst performing stock return; par if worst performing stock declines but finishes above the 70% barrier; otherwise, exposure to decline in worst performing stock
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Initial levels: | $124.79 for Amazon, $197.14 for Netflix, $107.83 for Disney
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Final barriers: | $87.353 for Amazon, $137.998 for Netflix, $75.481 for Disney, 70% of initial levels
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Upside leverage: | 315%
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Cap: | None
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Call: | Non-callable
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Pricing date: | June 6, 2022
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Settlement date: | June 9, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17330P2U2
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