Published on 9/15/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $756,000 market-linked notes with upside participation on energy ETF
Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $756,000 of 0% market-linked notes with upside participation to a cap and principal return at maturity due Sept. 2, 2027 linked to the performance of the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the return of the ETF if the fund finishes positive, capped at par plus 65%.
Otherwise, investors will receive par.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities, LLC and Citigroup Global Markets Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Market linked notes – upside participation to a cap and principal return at maturity
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Underlying ETF: | Energy Select Sector SPDR Fund
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Amount: | $756,000
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Maturity: | Sept. 2, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus return if fund ends positive, capped at par plus 65%, otherwise, par
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Initial levels: | $81.24
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Pricing date: | Aug. 30, 2022
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Settlement date: | Sept. 2, 2022
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Agents: | Wells Fargo Securities, LLC and Citigroup Global Markets Inc.
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Fees: | 4.34%
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Cusip: | 17330PY37
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