Published on 11/22/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.18 million 8% autocallable securities linked to indexes
New York, Nov. 22 – Citigroup Global Markets Holdings Inc. priced $2.18 million of 8% autocallable equity linked securities due March 28, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting March 23, 2023 if the price of the worst performing index is greater than or equal to its initial price on any monthly valuation date.
The payout at maturity will be par if the worst performing index ends at or above its 70% 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 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: | $2,181,000
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Maturity: | March 28, 2024
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Coupon: | 8%
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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 starting March 23, 2023 if the price of the worst performing index is greater than or equal to its initial price on any monthly valuation date
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Initial levels: | 11,271.75 for Nasdaq-100 index, 1,662.509 for Russell 2000 index, 3,647.29 for S&P 500 index
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Final barriers: | 7,890.225 for Nasdaq-100 index, 1,163.756 for Russell 2000 index, 2,553.103 for S&P 500 index, 70% of initial levels
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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: | 2.5%
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Cusip: | 17330R2L8
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