Published on 1/30/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.67 million 0% dual directional barrier securities on indexes
Chicago, Jan. 30 – Citigroup Global Markets Holdings Inc. priced $2.67 million of 0% dual directional barrier securities due May 2, 2025 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 65% final barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
The securities are non-callable.
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: | Dual directional barrier securities
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $2,674,000
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Maturity: | May 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above final barrier; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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Upside leverage: | 100%
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Cap: | None
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Initial levels: | 32,977.21 for Dow, 12,854.80 for Nasdaq, 1,864.103 for Russell
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Final barriers: | 21,435.187 for Dow, 8,355.620 for Nasdaq, 1,211.667 for Russell, 65% of initial levels
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Call: | Non-callable
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Pricing date: | April 29, 2022
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Settlement date: | May 4, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.2%
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Cusip: | 17330FDV0
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