Published on 2/7/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $700,000 digital notes on Disney
New York, Feb. 7 – Citigroup Global Markets Holdings Inc. priced $700,000 of digital notes due Nov. 24, 2023, linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 14.75% if the stock finishes above its initial level.
If the stock declines, investors will be fully exposed to the decline, paid as 107.79347 shares.
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: | Digital notes
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| Underlying stock: | Walt Disney Co.
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| Amount: | $700,000
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| Maturity: | Nov. 24, 2023
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| Price: | Par of $10,000
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| Payout at maturity: | If stock finishes at or above initial value, par plus 14.75%; if stock finishes below initial value, full exposure to decline paid as 107.79347 shares
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| Initial level: | $92.77
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| Equity ratio: | 107.79347
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| Strike date: | May 17, 2023
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| Pricing date: | May 18, 2023
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| Settlement date: | May 23, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17331AGJ4
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