Published on 8/29/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $392,000 autocallable securities linked to Nasdaq, Russell, S&P
Chicago, Aug. 29 – Citigroup Global Markets Holdings Inc. priced $392,000 of 0% autocallable securities due Aug. 24, 2026 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on Aug. 21, 2023 with a premium of a 11% annual rate if the worst performing index closes above its initial value and on any subsequent annual review date.
If the worst performing index finishes above its 70% barrier value the payout at maturity will be par plus the 44% premium for the final valuation date. Otherwise, investors will lose 1% for every 1% that the worst performing index declines if it finishes below its 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: | Autocallable securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $392,000
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| Maturity: | Aug. 24, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above barrier value, par plus 44% premium for final valuation date; otherwise, 1% loss for every 1% that worst performing index declines
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| Call: | Automatically starting on Aug. 21, 2023 with a premium of an 11% annual rate if the worst performing index closes above its initial value and on any subsequent annual review date
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| Initial levels: | 13,242.90 for Nasdaq, 1,957.346 for Russell, 4,228.48 for S&P
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| Final barriers: | 9,270.030 for Nasdaq, 1,370.142 for Russell, 2,959.936 for S&P, 70% of initial levels
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| Pricing date: | Aug. 19, 2022
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| Settlement date: | Aug. 24, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17330PVS5
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