Published on 5/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $336,000 13.25% contingent coupon autocallables linked to indexes, ETF
New York, May 30 – Citigroup Global Markets Holdings Inc. priced $336,000 of autocallable contingent coupon equity linked securities due Jan. 11, 2024 linked to the Nasdaq-100 index, Russell 2000 index and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.25% paid monthly if the worst performing asset closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically starting Jan. 9, 2023 if the price of the worst performing asset is greater than or equal to its initial price and on any subsequent monthly valuation date.
The payout at maturity will be par if the worst performing asset finishes at or above its initial level or the underlying assets never close below the 65% knock-in value during the life of the note. Otherwise investors will lose 1% loss for every 1% that the worst performing asset declines.
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: | Autocallable contingent coupon equity linked securities
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| Underlying assets: | Nasdaq-100 index, Russell 2000 index and SPDR S&P 500 ETF Trust
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| Amount: | $336,000
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| Maturity: | Jan. 11, 2024
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| Coupon: | 13.25% paid monthly if the worst performing asset closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par if worst performing asset finishes at or its initial level or underlying assets never close below knock-in value during life of note; otherwise 1% loss for every 1% that worst performing asset declines
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| Call: | Automatically starting Jan. 9, 2023 if the price of the worst performing asset is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | 12,109.05 for Nasdaq-100 index, 1,769.604 for Russell 2000 index, $388.99 for SPDR S&P 500 ETF Trust
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| Coupon barriers: | 8,476.335 for Nasdaq-100 index, 1,238.723 for Russell 2000 index, $272.293 for SPDR S&P 500 ETF Trust, 70% of initial levels
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| Final barriers: | 7,870.883 for Nasdaq-100 index, 1,150.243 for Russell 2000 index, $252.844 for SPDR S&P 500 ETF Trust, 65% of initial levels
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| Pricing date: | July 7, 2022
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| Settlement date: | July 12, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.725%
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| Cusip: | 17330PGM5
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