Published on 1/5/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.27 million 17.5% autocallable contingent coupon notes on stocks
New York, Jan. 5 – Citigroup Global Markets Holdings Inc. priced $1.27 million of autocallable contingent coupon equity linked securities due Dec. 30, 2025 linked to the common stocks of Delta Air Lines, Inc., Meta Platforms, Inc. and Wynn Resorts, Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.5% paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically starting March 25, 2024 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing stock finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock 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: | Autocallable contingent coupon equity linked securities
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| Underlying stocks: | Delta Air Lines, Inc., Meta Platforms, Inc. and Wynn Resorts, Ltd.
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| Amount: | $1,272,000
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| Maturity: | Dec. 30, 2025
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| Coupon: | 17.5% paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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| Call: | Automatically starting March 25, 2024 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | $40.23 for Delta Air Lines, Inc., $353.96 for Meta Platforms, Inc., $91.11 for Wynn Resorts, Ltd.
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| Coupon barriers: | $24.138 for Delta Air Lines, Inc., $212.376 for Meta Platforms, Inc., $54.666 for Wynn Resorts, Ltd., 60% of initial levels
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| Final barriers: | $24.138 for Delta Air Lines, Inc., $212.376 for Meta Platforms, Inc., $54.666 for Wynn Resorts, Ltd., 60% of initial levels
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| Pricing date: | Dec. 29
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| Settlement date: | Jan. 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.25%
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| Cusip: | 17331APQ8
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