Published on 11/18/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $250,000 11.45% contingent coupon notes on Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, Nov. 18 – Citigroup Global Markets Holdings Inc. priced $250,000 of contingent coupon equity linked securities due March 21, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.45% paid quarterly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The payout at maturity will be par if the worst performing index ends at or above its 80% final barrier. Otherwise investors will lose 1% for every 1% that the worst performing index declines.
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: | Contingent coupon equity linked securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $250,000
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Maturity: | March 21, 2024
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Coupon: | 11.45% paid quarterly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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Call: | Non-callable
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Initial levels: | 13,458.56 for Nasdaq, 1,968.969 for Russell, 4,262.45 for S&P
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Coupon barriers: | 10,766.848 for Nasdaq, 1,575.175 for Russell, 3,409.960 for S&P, 80% of initial levels
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Final barriers: | 10,766.848 for Nasdaq, 1,575.175 for Russell, 3,409.960 for S&P, 80% of initial levels
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Pricing date: | March 16
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Settlement date: | March 21
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.4%
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Cusip: | 17330ASF0
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