Published on 12/28/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $550,000 callable contingent coupon equity linked securities on indexes
New York, Dec. 28 – Citigroup Global Markets Holdings Inc. priced $550,000 of callable contingent coupon equity linked securities due May 2, 2024 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.4% per year, paid quarterly, if the worst performing index closes at or above its 70% final barrier on the related valuation date.
The securities may be called at par and on any quarterly review date.
The payout at maturity will be par if the worst performing index ends at or above its 70% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
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: | Callable contingent coupon equity linked securities
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $550,000
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Maturity: | May 2, 2024
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Coupon: | 11.4% per year, paid quarterly if the worst performing index closes at or above its 70% final barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Call option: | At par and on any quarterly review date
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Initial levels: | 33,240.18 for Dow Jones industrial average, 13,009.71 for Nasdaq-100 index, 4,175.20 for S&P 500 index
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Final barriers: | 23,268.126 for Dow Jones industrial average, 9,106.797 for Nasdaq-100 index, 2,922.640 for S&P 500 index, 70% of initial levels
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Strike date: | April 26
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Pricing date: | April 27
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Settlement date: | May 2
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 17330FMY4
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