Published on 8/29/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $250,000 market-linked notes linked to Russell
Chicago, Aug. 29 – Citigroup Global Markets Holdings Inc. priced $250,000 of 0% market-linked notes due Aug. 24, 2027 linked to the Russell 2000 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 the index return subject to a maximum return of par plus 52%. Otherwise, investors will receive par.
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: | Market-linked notes
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Underlying index: | Russell 2000 index
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Amount: | $250,000
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Maturity: | Aug. 24, 2027
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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 index return subject to a maximum return of par plus 52%; minimum payout of par
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Initial level: | 1,957.346
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Upside leverage: | 100%
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Cap: | 52%
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Pricing date: | Aug. 19, 2022
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Settlement date: | Aug. 24, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17330RBG9
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