Published on 7/27/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $540,000 12.5% autocallable equity linked securities linked to Tesla
New York, July 27 – Citigroup Global Markets Holdings Inc. priced $540,000 of 12.5% autocallable equity linked securities due Sept. 16, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting March 13, 2023 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.
The payout at maturity will be par if the stock ends at or above its 50% final barrier. Otherwise investors will lose 1% for every 1% that the stock 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 equity linked securities
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Underlying stock: | Tesla, Inc.
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Amount: | $540,000
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Maturity: | Sept. 16, 2025
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Coupon: | 12.5%
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Price: | $10,000.00
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Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
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Call: | Automatically starting March 13, 2023 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
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Initial level: | $292.13
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Final barrier: | $146.065, 50% of initial level
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Pricing date: | Sept. 13, 2022
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Settlement date: | Sept. 16, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17330KG79
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