Published on 1/17/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.35 million autocallable securities linked to indexes
Chicago, Jan. 17 – Citigroup Global Markets Holdings Inc. priced $1.35 million of 0% autocallable securities due Jan. 10, 2029 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.
The securities will be called automatically starting on after one year with a premium of a 9.05% annual rate if the worst performing index closes above 101% of its initial value on an annual review date.
If the worst performing index gains the payout at maturity will be par plus the 45.25% premium for the final valuation date. Investors will receive par if the worst performing index but ends above the 70% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below its barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $1,349,000.0
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| Maturity: | Jan. 10, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 45.25% premium for final valuation date; par if worst performing index declines but finishes at or above its 70% barrier; otherwise, 1% loss for every 1% that worst performing index declines
|
| Call: | Automatically starting after one year with a premium of a 9.05% annual rate if the worst performing index closes above 101% of its initial on an annual review date
|
| Initial levels: | 16,305.98 for Nasdaq, 1,951.142 for Russell, 4,697.24 for S&P
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| Final barriers: | 11,414.186 for Nasdaq, 1,365.799 for Russell, 3,288.068 for S&P, 70% of initial level
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| Call levels: | 16,469.04 for Nasdaq, 1,970.653 for Russell, 4,744.212 for S&P, 101% of initial level
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 4.125%
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| Cusip: | 17291TX37
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