Published on 12/29/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.71 million contingent coupon equity linked autocallables on three indexes
New York, Dec. 29 – Citigroup Global Markets Holdings Inc. priced $1.71 million of autocallable contingent coupon equity linked securities due Sept. 26, 2024 linked to the Dow Jones industrial average, 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 11.05% per year, paid monthly, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par if each index closes at or above call level, 105% of initial level, on any monthly valuation date starting Feb. 23, 2023.
If the worst performing index finishes at or above its 60% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss 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: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $1,708,000
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| Maturity: | Sept. 26, 2024
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| Coupon: | 11.05% 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 final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par if each index closes at or above call level, 105% of initial level, on any monthly valuation date starting Feb. 23, 2023
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| Initial levels: | 34,194.06 for Dow Jones industrial average, 1,863.517 for Russell 2000 index, 4,027.26 for S&P 500 index
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| Coupon barriers: | 23,935.842 for Dow Jones industrial average, 1,304.462 for Russell 2000 index, 2,819.082 for S&P 500 index, 70% of initial levels
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| Final barriers: | 20,516.436 for Dow Jones industrial average, 1,118.110 for Russell 2000 index, 2,416.356 for S&P 500 index, 60% of initial levels
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| Call levels: | 35,903.763 for Dow Jones industrial average, 1,956.693 for Russell 2000 index, 4,228.623 for S&P 500 index, 105% of initial levels
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| Pricing date: | Nov. 23
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| Settlement date: | Nov. 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.725%
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| Cusip: | 17330YDW7
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