Published on 9/15/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $936,000 0% dual directional barrier securities tied to Russell, S&P
Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $936,000 of 0% dual directional barrier securities due Oct. 5, 2023 linked to the worst performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 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 85% 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: | Russell 2000 index and S&P 500 index
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| Amount: | $936,000
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| Maturity: | Oct. 5, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus 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
|
| Initial levels: | 1,844.115 for Russell, 3,955.00 for S&P
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| Final barriers: | 1,567.498 for Russell, 3,361.750 for S&P, 85% of initial levels
|
| Upside leverage: | 100%
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| Cap: | None
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| Call: | Non-callable
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| Pricing date: | Aug. 31, 2022
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| Settlement date: | Sept. 6, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 17330PUC1
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