Published on 4/4/2024 in the Prospect News Structured Products Daily.
New Issue: Citi prices $2.19 million autocallable barrier securities linked to Nasdaq, Russell, S&P
New York, April 4 – Citigroup Global Markets Holdings Inc. priced $2.19 million of 0% autocallable barrier securities due March 31, 2027 linked to 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.
The notes will be called automatically at a premium of 11% if the worst performing index closes at or above its initial value on March 26, 2025.
If the worst performing index gains the payout 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable barrier securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $2.19 million
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| Maturity: | March 31, 2027
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| Coupon: | 0%
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| Price: | Par
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| 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
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| Call: | Automatically at a premium of 11% if the worst performing index closes at or above its initial value on March 26, 2025
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| Initial levels: | 18,277.06 for Nasdaq-100 index, 2,074.163 for Russell 2000 index, 5,218.19 for S&P 500 index
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| Final barriers: | 12,793.942 for Nasdaq-100 index, 1,451.914 for Russell 2000 index, 3,652.733 for S&P 500 index, 70% of initial levels
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| Upside leverage: | 200%
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| Pricing date: | March 25
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| Settlement date: | March 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3%
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| Cusip: | 17291LTE5
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