Published on 5/18/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $255,000 0% dual directional barrier securities on indexes
Chicago, May 18 – Citigroup Global Markets Holdings Inc. priced $255,000 of 0% dual directional barrier securities due July 1, 2027 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 135% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 70% final barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
The securities are non-callable.
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: | Dual directional barrier securities
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $255,000
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Maturity: | July 1, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 135% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above final barrier; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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Upside leverage: | 135%
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Cap: | None
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Initial levels: | 31,438.26 for Dow, 12,008.24 for Nasdaq, 1,771.742 for Russell
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Final barriers: | 22,006.782 for Dow, 8,405.768 for Nasdaq, 1,240.219 for Russell, 70% of initial levels
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Call: | Non-callable
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Pricing date: | June 27, 2022
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Settlement date: | June 30, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 4.125%
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Cusip: | 17330FYE5
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