Published on 3/1/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.19 million autocallables linked to Russell 2000, S&P 500
New York, March 1 – Citigroup Global Markets Holdings Inc. priced $2.19 million of 0% autocallable securities due July 2, 2026 linked to 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 at par plus 10% if the worst performing index closes at or above its initial level on June 27, 2024.
If the worst performing index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 40%. Investors will receive par if the worst performing index but ends above the 75% barrier level and lose 1% for every 1% that the worst performing index declines if it finishes below its barrier.
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: | Russell 2000 index and S&P 500 index
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Amount: | $2.19 million
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Maturity: | July 2, 2026
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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 40%; par if worst performing index declines but finishes at or above its 75% barrier level; otherwise, 1% loss for every 1% that worst performing index declines
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Call: | Automatically at par plus 10% if worst performing index closes at or above initial level on June 27, 2024
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Initial levels: | 1,849.930 for Russell 2000 index, 4,378.41 for S&P 500 index
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Final barriers: | 1,387.448 for Russell 2000 index, 3,283.808 for S&P 500 index, 75% of initial level
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Pricing date: | June 27, 2023
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Settlement date: | June 30, 2023
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.25%
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Cusip: | 17291R3T7
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