Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $775,000 enhanced barrier digital securities linked to Apple, indexes
Chicago, June 1 – Citigroup Global Markets Holdings Inc. priced $775,000 of 0% enhanced barrier digital securities due Nov. 21, 2022 linked to the worst performing of the Apple Inc., the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the worst-performing asset is greater than or equal to its final barrier level, 75% of the initial level, the payout at maturity will be par plus the 10.15%.
If the final level of the worst-performing asset is less than the final barrier level, investors will be fully exposed to the decline in the worst-performing asset from its initial level.
The notes are guaranteed by Citigroup Inc.
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: | Enhanced barrier digital securities
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| Underlying assets: | Apple Inc., the Russell 2000 index and the S&P 500 index
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| Amount: | $775,000
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| Maturity: | Nov. 21, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of worst-performing asset is greater than or equal to final barrier level, par plus 10.15%; if final level of worst-performing asset is less than final barrier level, full exposure to decline in worst-performing asset
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| Initial asset levels: | $147.92 for Apple, 2,389.582 for Russell, 4,646.71 for S&P
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| Final barrier levels: | $110.94 for Apple, 1,792.187 for Russell, 3,485.033 for S&P; 75% of initial levels
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| Pricing date: | Nov. 10, 2021
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| Settlement date: | Nov. 16, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17329UDJ7
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