Published on 6/8/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $795,000 dual directional barrier securities linked to Nasdaq, Russell, S&P
New York, June 8 – Citigroup Global Markets Holdings Inc. priced $795,000 of 0% dual directional barrier securities due July 17, 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.
If the worst performing index gains the payout will be par plus 100% of the worst performing index return.
The payout will be par plus 200% of the absolute value of the worst performing index return if the worst performing index declines but ends above the 50% final barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
The securities are non-callable.
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: | Dual directional barrier securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $795,000
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Maturity: | July 17, 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 100% of worst performing index return; par plus 200% of absolute value of worst performing index return if worst performing index declines but ends above final barrier; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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Upside leverage: | 100%
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Downside leverage: | 200%
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Cap: | None
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Final barriers: | 5,872.495 for Nasdaq-100 index, 864.091 for Russell 2000 index, 1,909.400 for S&P 500 index, 50% of initial level
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Call: | Non-callable
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Initial levels: | 11,744.99 for Nasdaq-100 index, 1,728.182 for Russell 2000 index, 3,818.80 for S&P 500 index
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Pricing date: | July 12, 2022
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Settlement date: | July 15, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.95%
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Cusip: | 17330PEF2
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