Published on 10/18/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $250,000 market-linked securities linked to S&P 500
Chicago, Oct. 18 – Citigroup Global Markets Holdings Inc. priced $250,000 of 0% market-linked securities due Oct. 22, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus the index return subject to a maximum return of par plus 25.5%. Otherwise, investors will be exposed to the decline in the index with a maximum loss of 10%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities
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| Underlying index: | S&P 500 index
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| Amount: | $250,000
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| Maturity: | Oct. 22, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return subject to a maximum return of par plus 25.5%; exposure to loss if index declines with a maximum loss of 10%
|
| Initial level: | 3,677.95
|
| Upside leverage: | 100%
|
| Cap: | 25.5%
|
| Floor: | 10%
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| Pricing date: | Oct. 17, 2022
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| Settlement date: | Oct. 20, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.7%
|
| Cusip: | 17330RZK4
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