Published on 11/4/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.04 million contingent coupon equity linked autocalls on two indexes
New York, Nov. 4 – Citigroup Global Markets Holdings Inc. priced $1.04 million of autocallable contingent coupon equity linked securities due Oct. 31, 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 7.25% per year, paid quarterly, if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically at par if the worst performing index closes at or above 95% of its initial level on any quarterly valuation date starting April 26, 2023.
The payout at maturity will be par if the worst performing index finishes at or above 80% of its initial level. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 20%.
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 and Russell 2000 index
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| Amount: | $1,038,000
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| Maturity: | Oct. 31, 2024
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| Coupon: | 7.25% paid quarterly if the worst performing index closes at or above its 80% 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 80% of its initial level, par; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
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| Call: | Automatically at par if the worst performing index closes at or above 95% of its initial level on any quarterly valuation date starting April 26, 2023
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| Initial levels: | 11,405.90 for Nasdaq-100 index, 1,804.331 for Russell 2000 index
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| Coupon barriers: | 9,124.720 for Nasdaq-100 index, 1,443.465 for Russell 2000 index, 80% of initial levels
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| Buffer: | 20%
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| Buffer levels: | 9,124.72 for Nasdaq-100 index, 1,443.465 for Russell 2000 index, 80% of initial levels
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17330RSE6
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