Published on 3/3/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.09 million 9.1% callable contingent coupon notes on indexes
Chicago, March 4 – Citigroup Global Markets Holdings Inc. priced $1.09 million of callable contingent coupon equity-linked securities due Feb. 26, 2026 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.1% paid quarterly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called starting Aug. 22, 2024 at par and on any subsequent quarterly review 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: | Callable contingent coupon equity-linked securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $1.09 million
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| Maturity: | Feb. 26, 2026
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| Coupon: | 9.1% annual rate, paid quarterly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
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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: | Starting Aug. 22, 2024 at par and on any subsequent quarterly review date
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| Initial levels: | 39,069.11 for Dow, 18,004.70 for Nasdaq, 5,087.03 for S&P
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| Coupon barriers: | 27,348.377 for Dow, 12,603.290 for Nasdaq, 3,560.921 for S&P, 70% of initial levels
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| Final barriers: | 27,348.377 for Dow, 12,603.290 for Nasdaq, 3,560.921 for S&P, 70% of initial levels
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 27
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17291LQT5
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