Published on 2/8/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.21 million 8.15% autocallable equity linked securities on two indexes
New York, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $5.21 million of 8.15% autocallable equity linked securities due July 25, 2025 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid semiannually.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any semiannual valuation date.
The payout at maturity will be par if the worst performing index ends at or above its 80% downside threshold. Otherwise, investors will lose 1.25% for each 1% that the worst performing index declines below the threshold.
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 equity linked securities
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $5,206,000
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| Maturity: | July 25, 2025
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| Coupon: | 8.15%, paid semiannually
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above downside threshold, par; otherwise, 1.25% loss for each 1% decline of worst performing index below downside threshold
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| Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any semiannual valuation date
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| Initial levels: | 17,330.38 for Nasdaq-100 index, 1,983.381 for Russell 2000 index
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| Downside thresholds: | 13,864.304 for Nasdaq-100 index, 1,586.705 for Russell 2000 index, 80% of initial levels
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| Buffer: | 20%
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| Strike date: | Jan. 22
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.15%
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| Cusip: | 17291LGQ2
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