Published on 6/8/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $537,000 autocallable securities on Russell, Nasdaq, S&P
Chicago, June 8 – Citigroup Global Markets Holdings Inc. priced $537,000 of 0% autocallable securities due Nov. 29, 2024 tied to the worst performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If each index closes at or above of its initial level on any semiannual valuation date starting after one year, the notes will be called at par plus an annualized call premium of 10.1%.
If each index finishes at or above its initial level, the payout at maturity will be par plus 30.3%.
If the least performing index finishes below its initial level but not below the barrier level, 70% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
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: | Autocallable securities
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index, S&P 500 index
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| Amount: | $537,000
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| Maturity: | Nov. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 30.3%; if the least performing index finishes below its initial level but not below the barrier level, par; otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level
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| Call: | If each index closes at or above its initial level on any semiannual valuation date after one year, the notes will be called at par plus an annualized call premium of 10.1%
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| Initial levels: | 16,367.81 for Nasdaq, 2,331.459 for Russell, 4,701.46 for S&P
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| Barrier levels: | 11,457.467 for Nasdaq, 1,632.021 for Russell, 3,291.022 for S&P; 70% of initial levels
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| Pricing date: | Nov. 24, 2021
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| Settlement date: | Nov. 30, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17329UKM2
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