Published on 5/18/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $950,000 equity-linked securities on S&P, Russell, Nasdaq
Chicago, May 18 – Citigroup Global Markets Holdings Inc. priced $950,000 of equity-linked securities due June 26, 2025 tied to the worst performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 6.65% per year, payable monthly.
The payout at maturity will be par unless any index finishes below its 60% downside threshold level, in which case investors will be fully exposed to the decline of the worst performer from its initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Equity-linked securities
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Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $950,000
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Maturity: | June 26, 2025
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Coupon: | 6.65% per year, payable monthly
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Price: | Par
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Payout at maturity: | Par unless any index finishes below its downside threshold level, in which case investors will be fully exposed to the decline of the worst performer
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Initial levels: | 3,795.73 for S&P, 1,711.673 for Russell, 11,697.68 for Nasdaq
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Downside threshold levels: | 2,277.438 for S&P, 1,027.004 for Russell, 7,018.608 for Nasdaq; 60% of initial levels
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Pricing date: | June 23, 2022
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Settlement date: | June 28, 2022
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17330PPG8
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