Published on 1/23/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $556,000 8.7% callable contingent coupon notes linked to indexes
New York, Jan. 23 – Citigroup Global Markets Holdings Inc. priced $556,000 of callable contingent coupon equity linked securities due Jan. 31, 2025 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.7% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called starting July 28, 2023 and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing index ends at or above its 70% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
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: | Callable contingent coupon equity linked securities
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $556,000
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Maturity: | Jan. 31, 2025
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Coupon: | 8.7% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above final barrier, par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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Call: | Starting July 28, 2023 and on any subsequent monthly review date
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Initial levels: | 13,245.99 for Nasdaq-100, 1,768.987 for Russell 2000, 4,169.48 for S&P 500
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Coupon barriers: | 9,272.193 for Nasdaq-100, 1,238.291 for Russell 2000, 2,918.636 for S&P 500, 70% of initial levels
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Final barriers: | 9,272.193 for Nasdaq-100, 1,238.291 for Russell 2000, 2,918.636 for S&P 500, 70% of initial levels
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Pricing date: | April 28, 2023
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Settlement date: | May 3, 2023
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.225%
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Cusip: | 17331HVS2
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