Published on 2/23/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $200,000 8.6% autocallable equity notes on Nasdaq, S&P
Chicago, Feb. 23 – Citigroup Global Markets Holdings Inc. priced $200,000 of 8.6% autocallable equity-linked securities due July 18, 2025 linked to the worst performing of the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Coupons will be paid monthly.
The securities will be called automatically starting July 15, 2024 at par if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date.
The payout at maturity will be par if the worst performing index ends at or above its 70% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
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 S&P 500 index
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| Amount: | $200,000
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| Maturity: | July 18, 2025
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| Coupon: | 8.6% annual rate paid monthly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | Automatically starting July 15, 2024 at par if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | 16,830.71 for Nasdaq, 4,765.98 for S&P
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| Final barriers: | 11,781.497 for Nasdaq, 3,336.186 for S&P, 70% of initial levels
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| Pricing date: | Jan. 16
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| Settlement date: | Jan. 19
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17291TWU8
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