Published on 8/8/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $195,000 autocallable securities on Russell, Dow
Chicago, Aug. 8 – Citigroup Global Markets Holdings Inc. priced $195,000 of 0% autocallable securities due Dec. 24, 2026 tied to the worst performing of the Russell 2000 index and the Dow Jones industrial average, 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 90% of its initial level on any quarterly valuation date after one year, the notes will be called at par plus an annual premium of 3.25%.
If each index finishes at or above its 90% buffer level, the payout at maturity will be par plus 16.25%.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index beyond 10%.
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, Dow Jones industrial average
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| Amount: | $195,000
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| Maturity: | Dec. 24, 2026
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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 buffer level, par plus 16.25%; otherwise, investors will lose 1% for each 1% decline of the worst performing index beyond buffer
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| Call: | If each index closes at or above 90% of its initial level on any quarterly valuation date after one year, the notes will be called at par plus an annual premium of 3.25%
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| Initial levels: | 34,932.16 for Dow, 2,139.875 for Russell
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| Buffer levels: | 31,438.944 for Dow, 1,925.888 for Russell; 90% of initial levels
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| Pricing date: | Dec. 20, 2021
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| Settlement date: | Dec. 23, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17329UYN5
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