Published on 6/6/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $1.33 million market-linked securities on Dow, S&P
By William Gullotti
Buffalo, N.Y., June 6 – Citigroup Global Markets Holdings Inc. priced $1.33 million of market-linked securities due May 30, 2025 linked to the least performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the return of the least performing index, subject to a maximum payout of par plus 24%.
If the worst performer finishes flat or declines, investors will receive par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index
|
| Amount: | $1,333,000
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| Maturity: | May 30, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus the return of the least performing index capped at 24%; otherwise, par
|
| Initial levels: | 32,637.19 for Dow, 4,057.84 for S&P
|
| Pricing date: | May 26
|
| Settlement date: | June 1
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17330FNX5
|
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