Published on 5/12/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $400,000 market-linked notes linked to decrement indexes
Chicago, May 12 – Citigroup Global Markets Holdings Inc. priced $400,000 of 0% market-linked notes due June 23, 2026 linked to the worst performing of the Nasdaq-100 Total Return 2% Decrement index and the Russell 2000 2% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus 105% of the return of that index. 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 indexes: | Nasdaq-100 Total Return 2% Decrement index and Russell 2000 2% Decrement index
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Amount: | $400,000
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Maturity: | June 23, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus 105% of that index's return; minimum payout of par
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Initial levels: | 801.54 for Nasdaq index, 1,241.68 for Russell index
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Upside leverage: | 105%
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Cap: | None
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Pricing date: | June 17, 2022
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Settlement date: | June 23, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17330PTQ2
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