Published on 9/29/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.56 million variable coupon market-linked notes linked to Nasdaq, Russell
New York, Sept. 29 – Citigroup Global Markets Holdings Inc. priced $1.56 million of variable coupon market-linked notes due Sept. 30, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 3% per year on each quarterly coupon payment date if the worst performing index closes at or above its initial level on the observation date, otherwise the payable quarterly coupon will be equal to 1.75% per annum.
The payout at maturity will be par plus the relevant coupon.
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: | Variable coupon market-linked notes
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Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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Amount: | $1,557,000
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Maturity: | Sept. 30, 2024
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Coupon: | 3% per annum, payable on each quarterly coupon payment date if the worst performing index closes above its initial level, otherwise the coupon will be 1.75%
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Price: | Par
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Payout at maturity: | Par
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Initial levels: | 11,254.11 for Nasdaq-100 index, 1,655.882 for Russell 2000 index
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Call: | Non-callable
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Pricing date: | Sept. 26
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Settlement date: | Sept. 29
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17330RNC5
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