Published on 8/17/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $696,000 0% dual directional barrier securities on indexes
Chicago, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $696,000 of 0% dual directional barrier securities due July 29, 2027 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 140% of 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 70% final barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $696,000
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| Maturity: | July 29, 2027
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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 140% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above final barrier; 1% loss for every 1% that worst performing index declines if it ends below final barrier
|
| Initial levels: | 31,761.54 for Dow, 12,086.90 for Nasdaq, 1,805.246 for Russell
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| Final barriers: | 22,233.078 for Dow, 8,460.830 for Nasdaq, 1,263.672 for Russell, 70% of initial levels
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| Upside leverage: | 140%
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| Cap: | None
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| Call: | Non-callable
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| Pricing date: | July 26, 2022
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| Settlement date: | July 29, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
|
| Cusip: | 17330PLB3
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