Published on 7/14/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.25 million PLUS linked to Euro Stoxx 50
New York, July 14 – Citigroup Global Markets Holdings Inc. priced $4.25 million of 0% PLUS due Oct. 3, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 21.95%.
Investors will be fully exposed to any index decline.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | PLUS
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $4,249,000
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| Maturity: | Oct. 3, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 21.95%; otherwise, 1% loss for every 1% that index declines
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| Initial level: | 4,399.09
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| Upside leverage: | 300%
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| Cap: | 21.95%
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 17291R7K2
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