Published on 8/1/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $26.25 million market-linked notes tied to S&P 500
By William Gullotti
Buffalo, N.Y., Aug. 1 – Citigroup Global Markets Holdings Inc. priced $26.25 million of 0% market-linked notes due July 30, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The payout at maturity will be par plus any index gain up to a maximum return of par plus 49.1%. Otherwise, investors will receive par.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $26,253,000
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Maturity: | July 30, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain capped at 49.1%; otherwise, par
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Initial level: | 4,072.43
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Pricing date: | July 28
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Settlement date: | July 29
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Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 17330PRE1
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