New Issue: Citigroup prices $780,000 enhanced barrier digital securities linked to Russell, S&P

Chicago, Nov. 27 – Citigroup Global Markets Holdings Inc. priced $780,000 of 0% enhanced barrier digital securities due Nov. 29, 2023 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index finishes at or above its 70% final barrier, the payout at maturity will be par plus the 14% digital payment.

Otherwise, investors will lose 1% for every 1% decline of the worst performing index from its initial level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital securities
Underlying indexes:	Russell 2000 index and S&P 500 index
Amount:	$780,000
Maturity:	Nov. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its 70% final barrier, par plus 14% digital return; otherwise, 1% loss for every 1% that worst performing index declines from initial level
Initial levels:	1,748.397 for Russell, 3,797.34 for S&P
Final barriers:	1,223.878 for Russell, 2,658.138 for S&P, 70% of initial levels
Upside payment:	14%
Pricing date:	Oct. 24, 2022
Settlement date:	Oct. 27, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	0.725%
Cusip:	17330Y2Q2

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.