Published on 9/15/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $438,000 5% autocallable contingent coupon notes on Nasdaq, Russell
Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $438,000 of autocallable contingent coupon market-linked notes due Sept. 6, 2029 linked to the worst performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4.9% paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically starting after one year if the level of the worst performing index is greater than or equal to its initial price and on any subsequent quarterly valuation date.
The payout at maturity will be par plus any contingent coupon.
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: | Autocallable contingent coupon market-linked notes
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $438,000
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| Maturity: | Sept. 6, 2029
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| Coupon: | 4.9% annual rate, paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par plus any contingent coupon
|
| Call: | Automatically at par starting after one year if the level of the worst performing index is greater than or equal to its initial price and on any subsequent quarterly valuation date
|
| Initial levels: | 12,272.03 for Nasdaq, 1,844.115 for Russell
|
| Coupon barriers: | 9,817.624 for Nasdaq, 1,475.292 for Russell, 80% of initial levels
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| Pricing date: | Aug. 31, 2022
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| Settlement date: | Sept. 6, 2022
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 4.125%
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| Cusip: | 17330REW1
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