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Published on 4/11/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $8.93 million equity index basket-linked notes

By Wendy Van Sickle

Columbus, Ohio, April 11 – Citigroup Global Markets Holdings Inc. priced $8.93 million equity index basket-linked notes due May 15, 2026 tied to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with a 12% weight and the S&P/ASX 200 index with a 9% weight.

If the basket finishes flat or gains, the payout at maturity will be par plus 204.8% of the return of the basket.

Investors will be fully exposed to any basket decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Equity index basket-linked notes
Underlying indexes:Euro Stoxx 50 index (36% weight), Topix index (26% weight), FTSE 100 index (17% weight), Swiss Market index (12% weight), S&P/ASX 200 Index (9% weight)
Amount:$8,934,000
Maturity:May 15, 2026
Coupon:0%
Price:Par
Payout at maturity:If basket return is zero or positive, par plus 204.8% of basket gain; otherwise, full exposure to basket decline
Initial levels:5,014.75 for Euro Stoxx, 2,702.624 for Topix, 7,911.16 for FTSE 100, 11,495.79 for Swiss Market, 7,773.27 for S&P/ASX
Pricing date:April 5
Settlement date:April 12
Underwriter:Citigroup Global Markets Inc.
Fees:2.09%
Cusip:17331AM24

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