Published on 5/12/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $700,000 market-linked securities linked to Russell, S&P
Chicago, May 12 – Citigroup Global Markets Holdings Inc. priced $700,000 of 0% market-linked securities due June 23, 2025 linked to the worst performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus the worst performing index return subject to a maximum return of par plus 35.5%. Otherwise, investors will be exposed to the decline in the worst performing index with a maximum loss of 5%.
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: | Market-linked securities
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $700,000
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| Maturity: | June 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus index return subject to a maximum return of par plus 35.5%; exposure to loss if worst performing index declines with a maximum loss of 5%
|
| Initial levels: | 1,665.694 for Russell, 3,674.84 for S&P
|
| Upside leverage: | 100%
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| Cap: | 35.5%
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| Floor: | 5%
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| Pricing date: | June 17, 2022
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| Settlement date: | June 23, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.2%
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| Cusip: | 17330PBM0
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