Published on 5/12/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $550,000 market-linked notes linked to S&P 500
Chicago, May 12 – Citigroup Global Markets Holdings Inc. priced $550,000 of 0% market-linked notes due June 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return subject to a maximum return of par plus 26%. Otherwise, investors will receive par.
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: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $550,000
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Maturity: | June 23, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus index return subject to a maximum return of par plus 26%; minimum payout of par
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Initial level: | 3,674.84
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Upside leverage: | 100%
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Cap: | 26%
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Pricing date: | June 17, 2022
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Settlement date: | June 23, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.75%
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Cusip: | 17330PPY9
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