Published on 2/20/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1 million autocallable buffer securities linked to Nasdaq-100, S&P 500
New York, Feb. 20 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% autocallable buffer securities due Feb. 12, 2027 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 7.85% if the worst performing index closes at or above its initial value on Feb. 12, 2025.
If the worst performing index gains, the payout will be par plus its return.
Investors will receive par if the worst performing index declines by no more than 20% and will lose 1% for every 1% that the worst performing index declines beyond 20%.
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 buffer securities
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| Underlying indexes: | Nasdaq-100 index and S&P 500 index
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| Amount: | $1 million
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| Maturity: | Feb. 12, 2027
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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 its return; par if worst performing index declines by no more than 20%; otherwise, 1% loss for every 1% that worst performing index declines beyond its buffer level
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| Call: | Automatically at a premium of 7.85% if the worst performing index closes at or above its initial value on Feb. 12, 2025
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| Initial levels: | 17,962.40 for Nasdaq-100 index, 5,026.61 for S&P 500 index
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| Buffer: | 20%
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| Buffer levels: | 14,369.92 for Nasdaq-100 index, 4,021.288 for S&P 500 index, 80% of initial level
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.95%
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| Cusip: | 17291LFN0
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