Published on 12/2/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $600,000 0% buffer securities linked to Nasdaq, Russell, S&P
Chicago, Dec. 2 – Citigroup Global Markets Holdings Inc. priced $600,000 of 0% buffer securities due Dec. 22, 2022 linked to the worst performing of the Nasdaq-100 index, 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 at maturity will be par plus 150% of the worst performing index return subject to a maximum return of par plus 8.85%. Investors will receive par if the worst performing index declines but ends above the 20% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $600,000
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| Maturity: | Dec. 22, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 150% of worst performing index return subject to a maximum return of par plus 8.85%; par if worst performing index declines but finishes above the 20% buffer; otherwise, exposure to decline in worst performing index beyond buffer
|
| Upside leverage: | 150%
|
| Cap: | 8.85%
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| Initial levels: | 14,420.08 for Nasdaq, 2,086.143 for Russell, 4,463.12 for S&P
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| Buffer: | 20%
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| Buffer levels: | 11,536.064 for Nasdaq, 1,668.914 for Russell, 3,570.496 for S&P, 80% of initial levels
|
| Call: | Non-callable
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| Pricing date: | March 18
|
| Settlement date: | March 23
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
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| Cusip: | 17330AJ86
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