Published on 1/31/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.49 million 0% dual directional buffer notes on Dow, Nasdaq
Chicago, Jan. 31 – Citigroup Global Markets Holdings Inc. priced $1.49 million of 0% dual directional buffer securities due May 2, 2025 linked to the worst performing of the Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 83.5% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the 16.5% buffer.
The securities are non-callable.
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: | Dual directional buffer securities
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Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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Amount: | $1,489,000
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Maturity: | May 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above 83.5% buffer level; 1% loss for every 1% that worst performing index declines beyond 16.5% buffer
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Upside leverage: | 100%
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Cap: | None
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Buffer: | 16.5%
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Initial levels: | 32,977.21 for Dow, 12,854.80 for Nasdaq
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Buffer levels: | 27,535.97 for Dow, 10,733.758 for Nasdaq, 83.5% of initial levels
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Call: | Non-callable
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Pricing date: | April 29, 2022
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Settlement date: | May 4, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17330FFV8
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