Published on 4/25/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $210,000 market-linked securities linked to Stoxx, EM ETF
Chicago, April 25 – Citigroup Global Markets Holdings Inc. priced $210,000 of 0% market-linked securities due May 29, 2026 linked to the worst performing of the Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing asset is positive, the payout at maturity will be par plus 110% of the worst performing asset return. Otherwise, investors will be exposed to the decline in the worst performing asset with a minimum payment of $950 per $1,000 note.
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: | Market-linked securities
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Underlying assets: | Euro Stoxx 50 index and iShares MSCI Emerging Markets ETF
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Amount: | $210,000
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Maturity: | May 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains, par plus 110% of index return; exposure to loss if worst performing asset declines with a minimum payout of $950 per $1,000 note
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Initial levels: | 3,677.10 for Stoxx, $40.93 for EM ETF
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Upside leverage: | 110%
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Cap: | None
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Pricing date: | May 25, 2022
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Settlement date: | May 31, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.75%
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Cusip: | 17330FBT7
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