E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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.
Guarantor:Citigroup Inc.
Issue:Barrier securities
Underlying assets:Invesco QQQ Trust, Series 1 and Russell 2000 index
Amount:$895,000
Maturity:Nov. 16, 2023
Coupon:0%
Price:Par
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
Upside leverage:145%
Cap:None
Initial levels:$291.15 for QQQ, 1,739.382 for Russell
Final barriers:$262.035 for QQQ, 1,565.444 for Russell, 90% of initial levels
Call:Non-callable
Pricing date:May 12, 2022
Settlement date:May 17, 2022
Agent:Citigroup Global Markets Inc.
Fees:0.725%
Cusip:17330FLV1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.