Published on 1/30/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $500,000 enhanced barrier digital securities linked to Nasdaq, ETFs
New York, Jan. 30 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% enhanced barrier digital securities due May 3, 2027 linked to the Nasdaq-100 index, VanEck Vectors Gold Miners ETF and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset finishes above its 50% final barrier then the payout at maturity will be par plus the 44% digital payment. Otherwise the notes will pay par less 1% for every 1% decline of the worst performing asset.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Enhanced barrier digital securities
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Underlying assets: | Nasdaq-100 index, VanEck Vectors Gold Miners ETF and iShares Russell 2000 Value ETF
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Amount: | $500,000
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Maturity: | May 3, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset finishes at or above its 50% final barrier, par plus 44% digital return; 1% loss for every 1% that worst performing asset declines if it finishes below its final barrier
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Initial levels: | 13,245.99 for Nasdaq-100 index, $33.58 for VanEck Vectors Gold Miners ETF, $133.56 for iShares Russell 2000 Value ETF
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Upside payment: | 44%
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Final barriers: | 6,622.995 for Nasdaq-100 index, $16.790 for VanEck Vectors Gold Miners ETF, $66.780 for iShares Russell 2000 Value ETF, 50% of initial levels
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Pricing date: | April 28, 2023
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Settlement date: | May 3, 2023
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.95%
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Cusip: | 17331HUB0
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