Published on 2/11/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $531,000 0% buffer securities linked to Nasdaq, Russell, S&P
Chicago, Feb. 11 – Citigroup Global Markets Holdings Inc. priced $531,000 of 0% buffer securities due Aug. 29, 2024 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 125% of the worst performing index return subject to a maximum return of par plus 23.5%. Investors will receive par if the worst performing index declines but ends above the 20% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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: | Buffer securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $531,000
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| Maturity: | Aug. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 125% of worst performing index return subject to a maximum return of par plus 23.5%; par if worst performing index declines but finishes above the 20% buffer; otherwise, exposure to decline in worst performing index beyond buffer
|
| Call: | Non-callable
|
| Initial levels: | 13,604.48 for Nasdaq, 1,767.000 for Russell, 4,115.24 for S&P
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| Buffer levels: | 10,883.584 for Nasdaq, 1,413.600 for Russell, 3,292.192 for S&P, 80% of initial levels
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| Upside leverage: | 125%
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| Cap: | 23.5%
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| Buffer: | 20%
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| Pricing date: | May 24, 2023
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| Settlement date: | May 30, 2023
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.65%
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| Cusip: | 17331HWX0
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