Published on 10/3/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $500,000 autocallable contingent coupon equity linked notes on indexes
Chicago, Oct. 3 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity linked securities due Feb. 13, 2024 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.6% paid monthly if the worst performing index closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically starting Feb. 8, 2023 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing index ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
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: | Autocallable contingent coupon equity linked securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $500,000
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| Maturity: | Feb. 13, 2024
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| Coupon: | 6.6% annual rate, paid monthly if the worst performing index closes at or above its 60% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | Automatically at par starting Feb. 8, 2023 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly review date
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| Initial levels: | 14,571.25 for Nasdaq, 2,012.599 for Russell, 4,483.87 for S&P
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| Coupon barriers: | 8,742.750 for Nasdaq, 1,207.559 for Russell, 2,690.322 for S&P, 60% of initial levels
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| Final barriers: | 8,742.750 for Nasdaq, 1,207.559 for Russell, 2,690.322 for S&P, 60% of initial levels
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 11
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.4%
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| Cusip: | 17330ABJ0
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