Published on 6/14/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.42 million 7% callable equity linked securities on Dow, Nasdaq, Russell
New York, June 14 – Citigroup Global Markets Holdings Inc. priced $1.42 million of 7% callable equity linked securities due Dec. 5, 2025 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The securities may be called at par on any monthly determination date beginning in December 2023.
If the worst performing index finishes at or above its 65% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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 equity linked securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1.42 million
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| Maturity: | Dec. 5, 2025
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| Coupon: | 7%, paid monthly
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| Price: | Par
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| Payout at maturity: | Par if worst performing index finishes at or above its downside threshold level; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call option: | At par on any monthly determination date beginning in December 2023
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| Initial levels: | 33,762.76 for Dow Jones industrial average, 14,546.64 for Nasdaq-100 index, 1,830.906 for Russell 2000 index
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| Downside thresholds: | 21,945.794 for Dow Jones industrial average, 9,455.316 for Nasdaq-100 index, 1,190.089 for Russell 2000 index, 65% of initial level
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| Pricing date: | June 2
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| Settlement date: | June 7
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.75%
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| Cusip: | 17291R2K7
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