Published on 2/8/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.93 million autocallable securities on Nasdaq, Russell, S&P
New York, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $3.93 million of 0% autocallable securities due Jan. 26, 2029 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically with a premium of a 9.35% annual rate if the worst performing index closes at or above 101% of its initial value on any annual review date.
If the worst performing index finishes at or above its 101% call level, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing index finishes below its 101% call level and at or above the 70% barrier.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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 securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $3,926,000
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| Maturity: | Jan. 26, 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 101% call threshold, par plus premium for final valuation date; par if worst performing index finishes below its call threshold and at or above its 70% barrier; otherwise, 1% loss for every 1% that worst performing index declines
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| Call: | Automatically with a premium of a 9.35% annual rate if the worst performing index closes at or above 101% of its initial value on any annual review date
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| Initial levels: | 17,404.21 for Nasdaq-100 index, 1,976.268 for Russell 2000 index, 4,864.60 for S&P 500 index
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| Call thresholds: | 17,578.252 for Nasdaq-100 index, 1,996.031 for Russell 2000 index, 4,913.246 for S&P 500 index, 101% of initial levels
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| Trigger values: | 12,182.947 for Nasdaq-100 index, 1,383.388 for Russell 2000 index, 3,405.220 for S&P 500 index, 70% of initial levels
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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: | 4.125%
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| Cusip: | 17291TV70
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