Published on 12/7/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.19 million 9% callable contingent coupon notes on indexes
New York, Dec. 7 – Citigroup Global Markets Holdings Inc. priced $1.19 million of callable contingent coupon equity linked securities due Dec. 3, 2026 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 9% paid quarterly if the worst performing index closes at or above its 65% coupon barrier on the related valuation date.
The securities may be called starting Dec. 1, 2025 at par and on any subsequent quarterly review date.
The payout at maturity will be par if the worst performing index ends at or above its 65% 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: | $1,189,000
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| Maturity: | Dec. 3, 2026
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| Coupon: | 9% paid quarterly if the worst performing index closes at or above its 65% 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 Dec. 1, 2025 at par and on any subsequent quarterly review date
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| Initial levels: | 15,947.87 for Nasdaq-100 index, 1,809.020 for Russell 2000 index, 4,567.80 for S&P 500 index
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| Coupon barriers: | 10,366.116 for Nasdaq-100 index, 1,175.863 for Russell 2000 index, 2,969.070 for S&P 500 index, 65% of initial levels
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| Final barriers: | 10,366.116 for Nasdaq-100 index, 1,175.863 for Russell 2000 index, 2,969.070 for S&P 500 index, 65% of initial levels
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17291TEJ3
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