Published on 11/8/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $487,000 dual directional barrier securities linked to Russell, S&P
New York, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $487,000 of 0% dual directional barrier securities due Dec. 5, 2023 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 105% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 85% final barrier level.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier level.
The securities are non-callable.
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: | Dual directional barrier securities
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $487,000
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| Maturity: | Dec. 5, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 105% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above final barrier level; 1% loss for every 1% that worst performing index declines if it ends below final barrier level
|
| Initial levels: | 1,846.863 for Russell 2000 index, 3,871.98 for S&P 500 index
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| Final barriers: | 1,569.834 for Russell 2000 index, 3,291.183 for S&P 500 index, 85% of initial levels
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| Upside leverage: | 105%
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| Cap: | None
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| Call: | Non-callable
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| Pricing date: | Oct. 31, 2022
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| Settlement date: | Nov. 3, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330RWG6
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