Published on 5/15/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.16 million 13.45% callable contingent coupon equity notes on indexes
New York, May 15 – Citigroup Global Markets Holdings Inc. priced $1.16 million of callable contingent coupon equity linked securities due May 15, 2025 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 13.45% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called starting Aug. 10 and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing index ends at or above its 70% 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: | Callable 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: | $1,158,000
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Maturity: | May 15, 2025
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Coupon: | 13.45% 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: | Starting Aug. 10 and on any subsequent monthly review date
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Initial levels: | 13,347.83 for Nasdaq-100 index, 1,759.512 for Russell 2000 index, 4,137.64 for S&P 500 index
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Coupon barriers: | 9,343.481 for Nasdaq-100 index, 1,231.658 for Russell 2000 index, 2,896.348 for S&P 500 index, 70% of initial levels
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Final barriers: | 9,343.481 for Nasdaq-100 index, 1,231.658 for Russell 2000 index, 2,896.348 for S&P 500 index, 70% of initial levels
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Pricing date: | May 10
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Settlement date: | May 15
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17331HTM8
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