Published on 2/15/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $811,360 PLUS linked to Russell 2000
By Kiku Steinfeld
Chicago, Feb. 15 – Citigroup Global Markets Holdings Inc. priced $811,360 of 0% PLUS due March 5, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 30.9%. Investors will lose 1% for every 1% that it 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: | PLUS
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| Underlying index: | Russell 2000 index
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| Amount: | $811,360
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| Maturity: | March 5, 2024
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| Coupon: | 0%
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| Price: | $10.00
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| Payout at maturity: | If index return is positive, par plus 300% of index return subject to a maximum return of par plus 30.9%; 1% loss for every 1% that index declines
|
| Initial level: | 1,853.165
|
| Upside leverage: | 300%
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| Cap: | 30.9%
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| Pricing date: | Nov. 16, 2022
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| Settlement date: | Nov. 21, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25% including a structuring fee of 0.5%
|
| Cusip: | 17330U835
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