Published on 2/7/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.18 million enhanced barrier digital plus securities linked to Stoxx
New York, Feb. 7 – Citigroup Global Markets Holdings Inc. priced $3.18 million of 0% enhanced barrier digital plus securities due Feb. 1, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 80% final barrier, the payout at maturity will be par plus the greater of the 40% digital payment and the index return capped at 75%.
Otherwise, investors will lose 1% for every 1% decline of the index.
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: | Enhanced barrier digital plus securities
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Underlying index: | Euro Stoxx 50 index
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Amount: | $3,182,000
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Maturity: | Feb. 1, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its 80% final barrier, par plus the greater of the 40% digital return and the index return, subject to a maximum return of par plus 75%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 4,178.01
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Upside payment: | 40%
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Final barrier: | 3,342.408, 80% of initial level
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Pricing date: | Jan. 27
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Settlement date: | Feb. 1
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17331C4C8
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