Published on 11/30/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $10.58 million 10.5% autocallable contingent coupon notes on indexes
New York, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $10.58 million of autocallable contingent coupon equity linked securities due May 28, 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 an annualized coupon of 10.5% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically starting May 22, 2023 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing index finishes at or above its 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss 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: | Autocallable 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: | $10,583,000
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Maturity: | May 28, 2024
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Coupon: | 10.5% paid monthly if the worst performing index closes at or above its 70% 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: | Automatically starting May 22, 2023 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date
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Initial levels: | 11,724.84 for Nasdaq-100 index, 1,860.441 for Russell 2000 index, 4,003.58 for S&P 500 index
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Coupon barriers: | 8,207.388 for Nasdaq-100 index, 1,302.309 for Russell 2000 index, 2,802.506 for S&P 500 index, 70% of initial levels
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Final barriers: | 8,207.388 for Nasdaq-100 index, 1,302.309 for Russell 2000 index, 2,802.506 for S&P 500 index, 70% of initial levels
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Pricing date: | Nov. 22
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Settlement date: | Nov. 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17330YPW4
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