Published on 12/29/2022 in the Prospect News Structured Products Daily.
New Issue: Citi prices $8.6 million contingent coupon market-linked autocallables on Nasdaq, Russell
New York, Dec. 29 – Citigroup Global Markets Holdings Inc. priced $8.60 million of autocallable contingent coupon market-linked notes due Dec. 27, 2027 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7% per year, paid monthly, if the worst performing index closes at or above its 90% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any monthly valuation date starting Dec. 21, 2023.
The payout at maturity will be par plus any contingent coupon otherwise due.
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: | Autocallable contingent coupon market-linked notes
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Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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Amount: | $8,596,000
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Maturity: | Dec. 27, 2027
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Coupon: | 7% paid monthly if the worst performing index closes at or above its 90% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | Par plus any contingent coupon otherwise due
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Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any monthly valuation date starting Dec. 21, 2023
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Initial levels: | 11,235.88 for Nasdaq-100 index, 1,776.941 for Russell 2000 index
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Coupon barrier: | 10,112.292 for Nasdaq-100 index, 1,599.247 for Russell 2000 index, or 90% of initial levels
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | Citigroup Global Markets Inc.
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Fees: | 4.2%
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Cusip: | 17330YL99
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