Published on 12/20/2023 in the Prospect News Structured Products Daily.
New Issue: Citi sells $10.84 million dual directional market-linked notes on Nasdaq-100
By Wendy Van Sickle
Columbus, Ohio, Dec. 20 – Citigroup Global Markets Holdings Inc. priced $10.84 million of 0% dual directional market-linked notes due June 20, 2025 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index gains or falls by no more than 10%, the payout at maturity will be par plus the absolute value of the index return, capped at par plus 12.25%.
Otherwise, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Dual directional market-linked notes
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Underlying index: | Nasdaq-100 index
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Amount: | $10,839,000
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Maturity: | June 20, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or declines by no more than 10%, par plus absolute value of index return, capped at 12.25%; otherwise, par
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Initial level: | 16,623.45
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Pricing date: | Dec. 15
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Settlement date: | Dec. 20
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17291TQ27
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