Published on 6/23/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $450,000 market-linked notes on index basket
Chicago, June 23 – Citigroup Global Markets Holdings Inc. priced $450,000 of 0% market-linked notes due June 15, 2027 linked to an equally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The basket consists of the S&P 500 index and the Euro Stoxx 50 index.
The payout at maturity will be par plus any basket gain capped at 40%. Otherwise, investors will be exposed to the decline of the basket with a minimum payout of $900 per $1,000 note.
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: | Market-linked notes
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| Underlying basket: | S&P 500 index and Euro Stoxx 50 index; equal weights
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| Amount: | $450,000
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| Maturity: | June 15, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain capped at 40%; otherwise, full exposure to loss of basket with a minimum payout of $900 per $1,000 note
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| Initial levels: | 4,712.02 for S&P, 4,199.16 for Stoxx
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| Pricing date: | Dec. 10, 2021
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| Settlement date: | Dec. 15, 2021
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17329UKJ9
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