Published on 8/21/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $469,000 buffered digital notes on MSCI EAFE
Chicago, Aug. 21 – Citigroup Global Markets Holdings Inc. priced $469,000 of 0% buffered digital notes due April 12, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or declines but by no more than its 15% buffer the payout at maturity will be par plus 14.75%. Investors will lose 1.1765% for every 1% the index declines beyond its buffer.
The notes are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Simon Markets LLC is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffered digital notes
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| Underlying index: | MSCI EAFE index
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| Amount: | $469,000
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| Maturity: | April 12, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or declines but by no more than 15% buffer, par plus 14.75%; 1.1765% loss for every 1% that index declines beyond the buffer
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| Initial level: | 1,957.62
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| Buffer level: | 85% of initial level
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| Buffer: | 15%
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| Call: | Non-callable
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| Pricing date: | Aug. 1, 2022
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| Settlement date: | Aug. 8, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Dealer: | Simon Markets LLC
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| Fees: | 0%
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| Cusip: | 17330PXS3
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