Published on 3/26/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.3 million 15.5% autocallable contingent coupon notes on stocks
New York, March 26 – Citigroup Global Markets Holdings Inc. priced $1.3 million of autocallable contingent coupon equity linked securities due March 21, 2030 linked to the common stocks of Alphabet Inc., Amazon.com, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.5% paid quarterly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically starting Sept. 18, 2024 if the price of the worst performing stock is greater than or equal to its initial price on any quarterly valuation date.
If the worst performing stock finishes at or above its 50% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock 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: | Autocallable contingent coupon equity linked securities
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| Underlying stocks: | Alphabet Inc., Amazon.com, Inc. and Tesla, Inc.
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| Amount: | $1,301,000
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| Maturity: | March 21, 2030
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| Coupon: | 15.5% paid quarterly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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| Call: | Automatically starting Sept. 18, 2024 if the price of the worst performing stock is greater than or equal to its initial price on any quarterly valuation date
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| Initial levels: | $148.48 for Alphabet Inc., $174.48 for Amazon.com, Inc., $173.80 for Tesla, Inc.
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| Coupon barriers: | $89.088 for Alphabet Inc., $104.688 for Amazon.com, Inc., $104.280 for Tesla, Inc., 60% of initial levels
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| Final barriers: | $74.240 for Alphabet Inc., $87.240 for Amazon.com, Inc., $86.900 for Tesla, Inc., 50% of initial levels
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| Pricing date: | March 18
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| Settlement date: | March 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.3%
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| Cusip: | 17331AXP1
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