New Issue: Citigroup sells $1.16 million leveraged upside participation market-linked notes on Russell

By Kiku Steinfeld

Chicago, March 15 – Citigroup Global Markets Holdings Inc. priced $1.16 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due June 3, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 150% of the gain in the index, up to par plus 25%.

If the index falls by up to 10%, the payout will be par.

Investors will lose 1% for every 1% decline of the index beyond the 10% buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Russell 2000 index
Amount:	$1,161,000
Maturity:	June 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of the gain in the index, up to par plus 25%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of index beyond 10% buffer
Initial share price:	1,836.551
Buffer level:	1,652.8959, 90% of initial level
Pricing date:	Nov. 29, 2022
Settlement date:	Dec. 2, 2022
Agents:	Citigroup Global Markets Inc. and Wells Fargo Securities LLC
Fees:	2.58%
Cusip:	17330YNG1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.