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.
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Guarantor: | Citigroup Inc.
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Issue: | Equity index basket-linked notes
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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)
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Amount: | $8,934,000
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Maturity: | May 15, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is zero or positive, par plus 204.8% of basket gain; otherwise, full exposure to basket decline
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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
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Pricing date: | April 5
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Settlement date: | April 12
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.09%
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Cusip: | 17331AM24
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