Published on 8/28/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.28 million barrier securities linked to Dow, Nasdaq
New York, Aug. 28 – Citigroup Global Markets Holdings Inc. priced $1.28 million of 0% barrier securities due Aug. 23, 2028 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus 160.5% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above the 70% barrier and will lose 1% for every 1% that the worst performing index 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.
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Guarantor: | Citigroup Inc.
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Issue: | Barrier securities
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Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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Amount: | $1,284,000
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Maturity: | Aug. 23, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 160.5% of that index’s return; par if worst performing index declines but finishes at or above the 70% barrier; otherwise, lose 1% for every 1% decline of worst performing index from initial level
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Initial levels: | 34,500.66 for Dow Jones industrial average, 14,694.84 for Nasdaq-100 index
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Final barriers: | 24,150.462 for Dow Jones industrial average, 10,286.388 for Nasdaq-100 index, 70% of initial levels
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Pricing date: | Aug. 18
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Settlement date: | Aug. 23
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17291QDH4
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