New Issue: Citigroup prices $500,000 leveraged upside participation notes linked to Nasdaq

Chicago, Dec. 11 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due July 5, 2023 linked to the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 200% of any gain in the index, up to a maximum payout of par plus 23%.

Investors will receive par if the index falls by up to 10%

Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Wells Fargo Securities, LLC and Citigroup Global Markets Inc. are the agents.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Nasdaq-100 index
Amount:	$500,000
Maturity:	July 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, subject to par plus 23% maximum return; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:	11,546.21
Buffer level:	10,391.589, 90% of initial level
Pricing date:	Oct. 28, 2022
Settlement date:	Nov. 2, 2022
Agents:	Wells Fargo Securities, LLC and Citigroup Global Markets Inc.
Fees:	2.68%
Cusip:	17330RMY8

© 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.