Published on 4/20/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $756,000 0% buffer securities linked to Dow Jones industrial, S&P 500
New York, April 20 – Citigroup Global Markets Holdings Inc. priced $756,000 of 0% buffer securities due Aug. 31, 2023 linked to the Dow Jones industrial average 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 16%. Investors will receive par if the worst performing index declines but ends above the 15% 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $756,000
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| Maturity: | Aug. 31, 2023
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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 150% of worst performing index return subject to a maximum return of par plus 16%; par if worst performing index declines but finishes above the 15% buffer; otherwise exposure to decline in worst performing index beyond buffer
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| Upside leverage: | 150%
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| Cap: | 16%
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| Initial levels: | 33,212.96 for Dow Jones industrial average, 4,158.24 for S&P 500 index
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| Buffer: | 15%
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| Buffer levels: | 28,231.016 for Dow Jones industrial average, 3,534.504 for S&P 500 index, 85% of initial level
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| Call: | Non-callable
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| Pricing date: | May 27, 2022
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| Settlement date: | June 2, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17330FZK0
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