Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $139,000 0% barrier securities linked to ARK Innovation ETF
Chicago, Feb. 13 – Citigroup Global Markets Holdings Inc. priced $139,000 of 0% barrier securities due Jan. 2, 2026 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus the ETF return subject to a maximum return of par plus 82.5%. Investors will receive par if the ETF declines but ends above the 65% barrier and will lose 1% for every 1% that the ETF declines if it finishes below the barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Barrier securities
|
| Underlying ETF: | ARK Innovation ETF
|
| Amount: | $139,000
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| Maturity: | Jan. 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains, par plus ETF return subject to a maximum return of par plus 82.5%; par if ETF declines but finishes above the 65% barrier; otherwise, exposure to decline in ETF
|
| Initial level: | $54.14
|
| Final barrier: | $35.191, 65% of initial level
|
| Upside leverage: | 100%
|
| Cap: | 82.5%
|
| Call: | Non-callable
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17291TW53
|
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