Published on 7/22/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $2 million 10.2% equity-linked securities on Target, Disney
Chicago, June 22 – Citigroup Global Markets Holdings Inc. priced $2 million of 10.2% equity-linked securities due Jan. 22, 2025 tied to the worst performing of the stocks of Target Corp. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
If each stock’s final level is greater than or equal to its final barrier value, 50% of initial value, the payout at maturity will be par plus the final interest payment.
Otherwise, investors will be fully exposed to the losses of the worst performer.
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: | Equity-linked securities
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Underlying stocks: | Target Corp., Walt Disney Co.
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Amount: | $2,001,000
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Maturity: | Jan. 22, 2025
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Coupon: | 10.2%, payable monthly
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Price: | Par
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Payout at maturity: | If each stock’s final level is greater than or equal to its final barrier value, par plus final coupon; otherwise, investors will be fully exposed to the losses of the worst performer
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Initial values: | $149.36 for Target, $95.70 for Disney
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Final barrier values: | $74.68 for Target, $47.85 for Disney; 50% of initial values
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Strike date: | July 18
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Pricing date: | July 19
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Settlement date: | July 22
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17330PD48
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