Published on 6/8/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $500,000 0% buffer securities linked to Dow Jones industrial, S&P 500
New York, June 8 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% buffer securities due Jan. 17, 2024 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 200% of the worst performing index return subject to a maximum return of par plus 24.3%. Investors will receive par if the worst performing index declines but ends above the 10% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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: | Buffer securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $500,000
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| Maturity: | Jan. 17, 2024
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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 200% of worst performing index return subject to a maximum return of par plus 24.3%; par if worst performing index declines but finishes above the 10% buffer; otherwise exposure to decline in worst performing index beyond buffer
|
| Upside leverage: | 200%
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| Cap: | 24.3%
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| Initial levels: | 31,173.84 for Dow Jones industrial average, 3,854.43 for S&P 500 index
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| Buffer: | 10%
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| Buffer levels: | 28,056.456 for Dow Jones industrial average, 3,468.987 for S&P 500 index, 90% of initial level
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| Call: | Non-callable
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| Pricing date: | July 11, 2022
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| Settlement date: | July 14, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.7%
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| Cusip: | 17330PDH9
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