Published on 3/4/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $504,000 enhanced barrier digital securities on Dow, Russell, S&P
By Kiku Steinfeld
Chicago, March 6 – Citigroup Global Markets Holdings Inc. priced $504,000 of 0% enhanced barrier digital securities due Feb. 27, 2024 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes above its 65% final barrier, then the payout at maturity will be par plus the 12.35% digital payment. Otherwise the notes will pay par less 1% for every 1% decline of the worst performing 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 securities
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $504,000
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Maturity: | Feb. 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 65% final barrier, par plus 12.35% digital return; 1% loss for every 1% that worst performing index declines if it finishes below its final barrier
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Initial levels: | 34,098.10 for Dow, 1,860.441 for Russell, 4,003.58 for S&P
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Upside payment: | 12.35%
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Final barriers: | 22,163.765 for Dow, 1,209.287 for Russell, 2,602.327 for S&P, 65% of initial levels
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Pricing date: | Nov. 22, 2022
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Settlement date: | Nov. 28, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17330YRZ5
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