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Published on 3/27/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.07 million of 8.25% single observation ELKS tied to three indexes

By William Gullotti

Buffalo, N.Y., March 27 – Citigroup Global Markets Holdings Inc. priced $1.07 million of 8.25% single observation Equity LinKed Securities due March 26, 2025 linked to the performance of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the worst performer finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of that index from its initial level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Single observation Equity LinKed Securities
Underlying indexes:Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:$1,066,000
Maturity:March 26, 2025
Coupon:8.25% per year, payable monthly
Price:Par
Payout at maturity:Par unless worst performer finishes below downside threshold, in which case lose 1% for every 1% decline of that index from initial level
Initial levels:18,240.11 for Nasdaq, 2,074.88 for Russell, 5,224.62 for S&P
Downside thresholds:12,768.077 for Nasdaq, 1,452.416 for Russell, 3,657.234 for S&P; 70% of initial levels
Strike date:March 20
Pricing date:March 21
Settlement date:March 26
Underwriter:Citigroup Global Markets Inc.
Fees:0.2%
Cusip:17331AYM7

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