Published on 6/7/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $547,000 buffered digital securities linked to Dow
By Kiku Steinfeld
Chicago, June 7 – Citigroup Global Markets Holdings Inc. priced $547,000 of 0% buffered digital securities due May 1, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the final index level is greater than or equal to 90% of the initial level, the payout at maturity will be par plus the digital return of 14%. Investors will be exposed to any losses beyond the 10% buffer.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered digital securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $547,000
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| Maturity: | May 1, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the final index level is greater than or equal to the buffer level, par plus 14%; exposure to any losses beyond the 10% buffer
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| Initial level: | 33,949.41
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| Buffer level: | 30,554.469, 90% of initial level
|
| Pricing date: | Jan. 26, 2023
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| Settlement date: | Jan. 31, 2023
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.8%
|
| Cusip: | 17331C5E3
|
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