Published on 12/10/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.23 million 8.45% contingent coupon equity-linked notes on indexes
Chicago, Dec. 11 – Citigroup Global Markets Holdings Inc. priced $1.23 million of contingent coupon equity-linked securities due Nov. 6, 2023 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.45% paid monthly if the worst performing index closes at or above its 60% coupon barrier on the related valuation date.
The payout at maturity will be par if the worst performing index ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
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: | Contingent coupon equity-linked securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $1,228,000
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| Maturity: | Nov. 6, 2023
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| Coupon: | 8.45% annual rate, paid monthly if the worst performing index closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
|
| Call: | Non-callable
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| Initial levels: | 11,288.95 for Nasdaq, 1,851.388 for Russell, 3,856.10 for S&P
|
| Coupon barriers: | 6,773.37 for Nasdaq, 1,110.833 for Russell, 2,313.66 for S&P, 60% of initial levels
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| Final barriers: | 6,773.37 for Nasdaq, 1,110.833 for Russell, 2,313.66 for S&P, 60% of initial levels
|
| Pricing date: | Nov. 1, 2022
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| Settlement date: | Nov. 4, 2022
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.225%
|
| Cusip: | 17330YCL2
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