Published on 11/7/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1 million callable contingent coupon equity linked securities on indexes
New York, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $1 million of callable contingent coupon equity linked securities due Sept. 25, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.87% per year, paid monthly, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting March 20, 2023.
The payout at maturity will be par if the worst performing index finishes at or above 70% of its initial level. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 30%.
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: | Callable 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: | $1 million
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| Maturity: | Sept. 25, 2025
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| Coupon: | 7.87% per year, paid monthly if the worst performing index closes at or above its 70% 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 its final buffer, par; otherwise, 1% loss for every 1% that worst performing index declines beyond 30%
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| Call option: | At par on any monthly review date starting March 20, 2023
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| Initial levels: | 11,851.54 for Nasdaq-100 index, 1,787.504 for Russell 2000 index, 3,855.93 for S&P 500 index
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| Coupon barriers: | 8,296.078 for Nasdaq-100 index, 1,251.253 for Russell 2000 index, 2,699.151 for S&P 500 index, 70% of initial levels
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| Final buffers: | 8,296.078 for Nasdaq-100 index, 1,251.253 for Russell 2000 index, 2,699.151 for S&P 500 index, 70% of initial levels
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| Buffer: | 30%
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| Pricing date: | Sept. 20
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| Settlement date: | Sept. 23
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17330RRE7
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