Published on 1/12/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.08 million market-linked notes on S&P 500 Futures index
New York, Jan. 12 – Citigroup Global Markets Holdings Inc. priced $1.08 million of 0% market-linked notes due Jan. 10, 2029 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus 1.3725 times the return. Investors will receive par if the index finishes below the initial level.
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 Futures Excess Return index
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Amount: | $1,076,000
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Maturity: | Jan. 10, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.3725 times return of index if positive; otherwise, par
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Initial level: | 415.50
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Upside leverage: | 137.25%
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Pricing date: | Jan. 5, 2024
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Settlement date: | Jan. 10, 2024
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17291TXB9
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