Published on 2/10/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.13 million market-linked notes linked to S&P 500, Russell 2000
New York, Feb. 10 – Citigroup Global Markets Holdings Inc. priced $1.13 million of 0% market-linked notes due Feb. 29, 2024 linked to the S&P 500 index and Russell 2000 index, according to a 424B8 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus the return of that index, subject to a maximum return of par plus 7.8%. Otherwise, investors will receive par.
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: | Market-linked notes
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $1,134,000
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| Maturity: | Feb. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of worst performing index is positive, par plus that index's return, subject to a maximum return of par plus 7.8%; minimum payout of par
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| Initial levels: | 4,016.95 for S&P 500, 1,885.611 for Russell 2000
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| Cap: | 7.8%
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 27
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.27%
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| Cusip: | 17331CB89
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