Published on 1/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.12 million 9.05% callable contingent coupon notes on indexes
Chicago, Jan. 30 – Citigroup Global Markets Holdings Inc. priced $1.12 million of callable contingent coupon equity linked securities due Feb. 2, 2023 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a monthly coupon of 9.05% 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 starting July 29, 2022 and on any subsequent monthly determination date.
The payout at maturity will be par if the worst performing index ends at or above its 60% 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.
|
| 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: | $1,118,000
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| Maturity: | Feb. 2, 2023
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| Coupon: | 9.05% annual rate, payable monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
|
| 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
|
| Call: | At par starting July 29, 2022 and on any subsequent monthly determination date at option of issuer
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| Initial levels: | 12,854.80 for Nasdaq, 1,864.103 for Russell, 4,131.93 for S&P
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| Coupon barriers: | 8,998.360 for Nasdaq, 1,304.872 for Russell, 2,892.351 for S&P, 70% of initial levels
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| Final barriers: | 7,712.880 for Nasdaq, 1,118.462 for Russell, 2,479.158 for S&P, 60% of initial levels
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17330FVQ1
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