Published on 2/3/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $495,000 enhanced barrier digital securities linked to S&P
By Kiku Steinfeld
Chicago, Feb. 3 – Citigroup Global Markets Holdings Inc. priced $495,000 of 0% enhanced barrier digital securities due Dec. 7, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its 70% final barrier, then the payout at maturity will be par plus the 10.65% digital payment. Otherwise the notes will pay par less 1% for every 1% decline of the index.
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: | Enhanced barrier digital securities
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| Underlying index: | S&P 500 index
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| Amount: | $495,000
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| Maturity: | Dec. 7, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its 70% final barrier, par plus 10.65% digital return; 1% loss for every 1% that index declines if it finishes below its final barrier
|
| Initial level: | 3,770.55
|
| Upside payment: | 10.65%
|
| Final barrier: | 2,639.385, 70% of initial level
|
| Pricing date: | Nov. 4, 2022
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| Settlement date: | Nov. 9, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.725%
|
| Cusip: | 17330YCP3
|
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