Published on 11/18/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.19 million 0% buffer securities linked to Dow, Russell
New York, Nov. 18 – Citigroup Global Markets Holdings Inc. priced $1.19 million of 0% buffer securities due Sept. 30, 2027 linked to the Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 100% of the worst performing index return. Investors will receive par if the worst performing index declines but ends above the 39.35% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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: | Buffer securities
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Underlying indexes: | Dow Jones industrial average and Russell 2000 index
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Amount: | $1.19 million
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Maturity: | Sept. 30, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 100% of worst performing index return; par if worst performing index declines but finishes above the 39.35% buffer; otherwise exposure to decline in worst performing index beyond buffer
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Upside leverage: | 100%
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Cap: | None
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Initial levels: | 29,134.99 for Dow Jones industrial average, 1,662.509 for Russell 2000 index
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Buffer: | 39.35%
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Buffer levels: | 17,670.371 for Dow Jones industrial average, 1,008.312 for Russell 2000 index, 60.65% of initial level
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Call: | Non-callable
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Pricing date: | Sept. 27
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Settlement date: | Sept. 30
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.3%
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Cusip: | 17330RDX0
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