Published on 10/3/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $282,000 0% barrier securities linked to Nasdaq, Russell, S&P
Chicago, Oct. 3 – Citigroup Global Markets Holdings Inc. priced $282,000 of 0% barrier securities due Oct. 2, 2025 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 250% of the worst performing index return subject to a maximum return of par plus 60.9%. Investors will receive par if the worst performing index declines but ends above the 70% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.
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: | Barrier securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $282,000
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| Maturity: | Oct. 2, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 250% of worst performing index return subject to a maximum return of par plus 60.9%; par if worst performing index declines but finishes above the 70% barrier; otherwise, exposure to decline in worst performing index
|
| Initial levels: | 11,493.83 for Nasdaq, 1,715.243 for Russell, 3,719.04 for S&P
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| Final barriers: | 8,045.681 for Nasdaq, 1,200.67 for Russell, 2,603.328 for S&P, 70% of initial levels
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| Upside leverage: | 250%
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| Cap: | 60.9%
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| Call: | Non-callable
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| Pricing date: | Sept. 28, 2022
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| Settlement date: | Oct. 3, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17330RN68
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