Published on 12/14/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $850,000 autocallable securities linked to Dow, Russell, S&P
Chicago, Dec. 14 – Citigroup Global Markets Holdings Inc. priced $850,000 of 0% autocallable securities due April 12, 2027 linked to the worst performing of the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on April 10, 2023 with a premium of a 9.1% annual rate if the worst performing index closes above its initial value and on any subsequent quarterly review date.
If the worst performing index gains the payout at maturity will be par plus the 45.5% premium for the final valuation date. Investors will receive par if the worst performing index but ends above the 50% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below its barrier.
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: | Autocallable securities
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $850,000
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| Maturity: | April 12, 2027
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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 initial value, par plus 45.5% premium for final valuation date; par if worst performing index declines but finishes at or above its 50% barrier; otherwise 1% loss for every 1% that worst performing index declines
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| Call: | Automatically starting on April 10, 2023 with a premium of a 9.1% annual rate if the worst performing index closes above its initial value and on any subsequent quarterly review date
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| Initial levels: | 34,583.57 for Dow, 2,009.799 for Russell, 4,500.21 for S&P
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| Final barriers: | 17,291.785 for Dow, 1,004.900 for Russell, 2,250.105 for S&P, 50% of initial levels
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| Pricing date: | April 7
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| Settlement date: | April 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17330FGH8
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