Published on 2/25/2024 in the Prospect News Structured Products Daily.
New Issue: Citi prices $384,000 autocallable contingent coupon market-linked securities on indexes
By Kiku Steinfeld
Chicago, Feb. 26 – Citigroup Global Markets Holdings Inc. priced $384,000 of autocallable contingent coupon market-linked securities due Oct. 27, 2023 linked to the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive 6% annually if the worst performing index closes at or above its 85% coupon barrier on the related annual valuation date.
The securities will be called automatically at par on any annual valuation date if each index closes at or above its initial level.
The payout at maturity will be par plus any contingent coupon.
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 contingent coupon market-linked securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $384,000
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| Maturity: | July 1, 2030
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| Coupon: | 6% paid annually if the worst performing index closes at or above its 85% coupon barrier on the related annual valuation date
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| Price: | Par
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| Payout at maturity: | Par plus any contingent coupon
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| Call: | Automatically at par on any annual valuation date if each index closes at or above its initial level
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| Initial levels: | 14,945.91 for Nasdaq, 1,849.930 for Russell, 33,926.74 for Dow Jones
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| Coupon barriers: | 12,704.024 for Nasdaq, 1,572.441 for Russell, 28,837.729 for Dow Jones, 85% of initial levels
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| Pricing date: | June 27, 2023
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| Settlement date: | June 30, 2023
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 3.8%
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| Cusip: | 17291RBC5
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