Published on 8/8/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $2.51 million dual directional barrier securities on Dow, Nasdaq, Russell
Chicago, Aug. 8 – Citigroup Global Markets Holdings Inc. priced $2.51 million of 0% dual directional barrier securities due Dec. 24, 2026 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If all indexes finish at or above initial levels, the payout at maturity will be par plus 105% of the return of the least performing index.
If the worst performing index falls by up to 30%, the payout will be par plus the absolute value of the return of that index.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier securities
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
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| Amount: | $2,509,000
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| Maturity: | Dec. 24, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 105% of the return of the least performing index; if the worst performing index falls by up to barrier level, par plus absolute value of the return of that index; otherwise, full exposure to decline of the worst performing index from its initial level
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| Initial levels: | 34,932.16 for Dow, 15,627.64 for Nasdaq, 2,139.875 for Russell
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| Barrier levels: | 24,452.512 for Dow, 10,939.348 for Nasdaq, 1,497.913 for Russell; 70% of initial levels
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| Pricing date: | Dec. 20, 2021
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| Settlement date: | Dec. 23, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17329U6Y2
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