Published on 5/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $715,000 dual directional barrier notes linked to Dow, Nasdaq, Russell
New York, May 30 – Citigroup Global Markets Holdings Inc. priced $715,000 of 0% dual directional barrier securities due July 11, 2025 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 125% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 67.5% final barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
The securities are non-callable.
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: | Dual directional barrier securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $715,000
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| Maturity: | July 11, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus 125% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above final barrier; 1% loss for every 1% that worst performing index declines if it ends below final barrier
|
| Upside leverage: | 125%
|
| Cap: | None
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| Final barriers: | 21,153.251 for Dow Jones industrial average, 8,184.841 for Nasdaq-100 index, 1,194.321 for Russell 2000 index, 67.5% of initial level
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| Call: | Non-callable
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| Initial levels: | 31,338.15 for Dow Jones industrial average, 12,125.69 for Nasdaq-100 index, 1,769.365 for Russell 2000 index
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| Pricing date: | July 8, 2022
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| Settlement date: | July 13, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17330PFN4
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