Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $895,000 0% barrier securities linked to Invesco QQQ, Russell
Chicago, March 3 – Citigroup Global Markets Holdings Inc. priced $895,000 of 0% barrier securities due Nov. 16, 2023 linked to the worst performing of the Invesco QQQ Trust, Series 1 and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout at maturity will be par plus 145% of the worst performing asset return. Investors will receive par if the worst performing asset declines but ends above the 90% barrier and will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.
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: | Barrier securities
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Underlying assets: | Invesco QQQ Trust, Series 1 and Russell 2000 index
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Amount: | $895,000
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Maturity: | Nov. 16, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains, par plus 145% of worst performing asset return; par if worst performing asset declines but finishes above the 90% barrier; otherwise, exposure to decline in worst performing asset
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Upside leverage: | 145%
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Cap: | None
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Initial levels: | $291.15 for QQQ, 1,739.382 for Russell
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Final barriers: | $262.035 for QQQ, 1,565.444 for Russell, 90% of initial levels
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Call: | Non-callable
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Pricing date: | May 12, 2022
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Settlement date: | May 17, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.725%
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Cusip: | 17330FLV1
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