Published on 11/7/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $208,000 dual directional market-linked notes tied to S&P Risk Control
Chicago, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $208,000 of 0% dual directional market-linked notes due Oct. 23, 2025 linked to the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus 136% of the absolute value of the index return, whether the index decreases or increases.
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: | Dual directional market-linked notes
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Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
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Amount: | $208,000
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Maturity: | Oct. 23, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 136% of the absolute value of the index’s return
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Initial level: | 155.98
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Pricing date: | Oct. 20, 2022
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Settlement date: | Oct. 25, 2022
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17330RZ57
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