Published on 10/2/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $461,000 autocallable securities linked to Dow, Nasdaq, S&P
By Angela McDaniels
Tacoma, Wash., Oct. 2 – Citigroup Global Markets Holdings Inc. priced $461,000 of 0% autocallable market-linked securities due Sept. 26, 2025 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Beginning Sept. 25, 2023, the notes will be called automatically at par plus 5% per year if the worst performing index closes at or above its initial level on any semiannual valuation date.
If the notes are not called and the worst performing index finishes above its initial level, the payout at maturity will be par plus the worst performing index’s return. If the worst performing index finishes at or below its initial level, the payout will be par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable market-linked securities
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| Underlying index: | Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index
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| Amount: | $461,000
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| Maturity: | Sept. 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes above initial level, par plus worst performing index’s return; otherwise, par
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| Call: | Beginning Sept. 25, 2023, automatically at par plus 5% per year if worst performing index closes at or above initial level on any semiannual valuation date
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| Initial level: | 29,590.41 for Dow, 11,311.24 for Nasdaq and 3,693.23 for S&P
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| Pricing date: | Sept. 23, 2022
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| Settlement date: | Sept. 28, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.4%
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| Cusip: | 17330RUQ6
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