Published on 5/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $523,000 market-linked notes linked to S&P 500
New York, May 30 – Citigroup Global Markets Holdings Inc. priced $523,000 of 0% market-linked notes due Aug. 11, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 100% of the index return subject to a maximum return of par plus 3.5%. Otherwise investors will receive par.
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 notes
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Underlying index: | S&P 500 index
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Amount: | $523,000
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Maturity: | Aug. 11, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 100% of index return subject to a maximum return of par plus 3.5%; minimum payout of par
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Initial level: | 3,899.38
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Upside leverage: | 100%
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Cap: | 3.5%
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Pricing date: | July 8, 2022
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Settlement date: | July 13, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.28%
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Cusip: | 17330PLJ6
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