Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $76,000 0% buffer securities linked to Nasdaq
Chicago, Oct. 12 – Citigroup Global Markets Holdings Inc. priced $76,000 of 0% buffer securities due April 3, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 33%. Investors will receive par if the index declines but ends above the 10% buffer and will lose 1% for every 1% that the 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 index: | Nasdaq-100 index
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Amount: | $76,000
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Maturity: | April 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 200% of index return subject to a maximum return of par plus 33%; par if index declines but finishes above the 10% buffer; otherwise, exposure to decline in index beyond buffer
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Initial level: | 10,971.22
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Buffer level: | 9,874.098, 90% of initial level
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Upside leverage: | 200%
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Cap: | 33%
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Buffer: | 10%
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Call: | Non-callable
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Pricing date: | Sept. 30, 2022
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Settlement date: | Oct. 5, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17330RA62
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