New Issue: Citigroup prices $206,000 market-linked securities linked to Russell 2000, S&P 500

By Angela McDaniels

Tacoma, Wash., May 31 – Citigroup Global Markets Holdings Inc. priced $206,000 of 0% market-linked securities due July 11, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the return of the lesser-performing index, subject to a maximum payout of $1,437 and a minimum payout of $950 per $1,000 principal amount of notes.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities
Underlying index:	Russell 2000 index and S&P 500 index
Amount:	$206,000
Maturity:	July 11, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus the return of the lesser-performing index, subject to a maximum payout of $1,437 and a minimum payout of $950 per $1,000 principal amount of notes
Initial levels:	1,769.365 for Russell and 3,899.38 for S&P
Pricing date:	July 8, 2022
Settlement date:	July 13, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.2%
Cusip:	17330PM89

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.