Published on 3/8/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.11 million autocallable barrier securities on Dow, Nasdaq, Russell
New York, March 8 – Citigroup Global Markets Holdings Inc. priced $3.11 million of 0% autocallable barrier securities due Feb. 28, 2029 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 10.55% if the worst performing index closes at or above its initial value on Feb. 26, 2025.
If the worst performing index gains, the payout at maturity will be par plus 200% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 70% final barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Autocallable barrier securities
|
Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
Amount: | $3,105,000
|
Maturity: | Feb. 28, 2029
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 200% of that index’s return; if worst performing index declines but finishes at or above its 70% final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
Call: | Automatically at a premium of 10.55% if the worst performing index closes at or above its initial value on Feb. 26, 2025
|
Initial levels: | 39,131.53 for Dow Jones industrial average, 17,937.61 for Nasdaq-100 index, 2,016.688 for Russell 2000 index
|
Final barriers: | 27,392.071 for Dow Jones industrial average, 12,556.327 for Nasdaq-100 index, 1,411.682 for Russell 2000 index, 70% of initial levels
|
Upside leverage: | 200%
|
Pricing date: | Feb. 23
|
Settlement date: | Feb. 28
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 4.125%
|
Cusip: | 17291LGN9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.