Published on 3/20/2024 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.1 million callable contingent coupon equity linked securities on indexes
New York, March 20 – Citigroup Global Markets Holdings Inc. priced $1.1 million of callable contingent coupon equity linked securities due March 13, 2029 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.2%, paid monthly, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting March 10, 2025.
The payout at maturity will be par if the worst performing index ends at or above its 60% 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: | $1,098,000
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Maturity: | March 13, 2029
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Coupon: | 7.2%, paid monthly 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; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Call option: | At par on any monthly review date starting March 10, 2025
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Initial levels: | 38,722.69 for Dow Jones industrial average, 18,018.45 for Nasdaq-100 index, 5,123.69 for S&P 500 index
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Coupon barriers: | 27,105.883 for Dow Jones industrial average, 12,612.915 for Nasdaq-100 index, 3,586.583 for S&P 500 index, 70% of initial levels
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Final barriers: | 23,233.614 for Dow Jones industrial average, 10,811.070 for Nasdaq-100 index, 3,074.214 for S&P 500 index, 60% of initial levels
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Pricing date: | March 8
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Settlement date: | March 13
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0%
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Cusip: | 17291LY33
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