Published on 2/19/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.03 million autocallable securities linked to three indexes
By Kiku Steinfeld
Chicago, Feb. 21 – Citigroup Global Markets Holdings Inc. priced $1.03 million of 0% autocallable securities due Nov. 19, 2025 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.
The securities will be automatically called at par plus 21% if the worst performing index closes at or above its initial value on Nov. 15, 2023.
If the worst performing index gains, the payout at maturity will be par plus 234.25% of the least performing index. Investors will receive par if the worst performing index but ends above the 70% 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.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
|
| Amount: | $1,026,000
|
| Maturity: | Nov. 19, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 234.25% of the least performing index’s return; par if worst performing index declines but finishes at or above its 70% barrier level; otherwise, 1% loss for every 1% that worst performing index declines
|
| Call: | Automatically called at par plus 21% if the worst performing index closes at or above its initial value on Nov. 15, 2023
|
| Initial levels: | 33,536.70 for Dow, 1,861.251 for Russell, 3,957.25 for S&P
|
| Final barriers: | 23,475.690 for Dow, 1,302.876 for Russell, 2,770.075 for S&P, 70% of initial levels, 70% of initial level
|
| Pricing date: | Nov. 14, 2022
|
| Settlement date: | Nov. 17, 2022
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.95%
|
| Cusip: | 17330YSF8
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
