Published on 12/2/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.01 million market-linked notes linked to Nasdaq, S&P, Russell
Chicago, Dec. 2 – Citigroup Global Markets Holdings Inc. priced $1.01 million of 0% market-linked notes due March 23, 2027 linked to the worst performing of the Nasdaq-100 index, S&P 500 index and Russell 2000 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 the return of that index subject to a maximum return of par plus 32.5%. 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 indexes: | Nasdaq-100 index, S&P 500 index and Russell 2000 index
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Amount: | $1,014,000
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Maturity: | March 23, 2027
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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 that index's return subject to a maximum return of par plus 32.5%; minimum payout of par
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Initial levels: | 4,463.12 for S&P, 14,420.08 for Nasdaq, 2,086.143 for Russell
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Upside leverage: | 100%
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Cap: | 32.5%
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Pricing date: | March 18
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Settlement date: | March 23
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.75%
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Cusip: | 17330AS94
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