Published on 9/9/2022 in the Prospect News Structured Products Daily.
New Issue: Citi sells $7.06 million callable contingent coupon equity linked securities on indexes
New York, Sept. 9 – Citigroup Global Markets Holdings Inc. priced $7.06 million of callable contingent coupon equity linked securities due Sept. 5, 2025 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11% per year, paid quarterly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date.
The securities may be called at par on any quarterly review date starting Aug. 31, 2023.
The payout at maturity will be par if the worst performing index ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
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: | Callable contingent coupon equity linked securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $7,057,000
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| Maturity: | Sept. 5, 2025
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| Coupon: | 11% per year, paid quarterly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call option: | At par on any quarterly review date starting Aug. 31, 2023
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| Initial levels: | 31,510.43 for Dow Jones industrial average, 12,272.03 for Nasdaq-100 index, 3,955.00 for S&P 500 index
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| Coupon barriers: | 23,632.823 for Dow Jones industrial average, 9,204.023 for Nasdaq-100 index, 2,966.250 for S&P 500 index, 75% of initial levels
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| Final barriers: | 18,906.258 for Dow Jones industrial average, 7,363.218 for Nasdaq-100 index, 2,373.000 for S&P 500 index, 60% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.15%
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| Cusip: | 17330PWD7
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