Published on 6/22/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.04 million autocallable barrier securities on three indexes
Chicago, June 22 – Citigroup Global Markets Holdings Inc. priced $1.04 million of 0% autocallable barrier securities due June 5, 2025 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and 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 14.5% if the worst performing index closes above its initial value on June 3, 2024.
If the worst performing index gains the payout will be par plus 300% of the worst performing index return. Investors will receive par if the worst performing index declines but ends at or above its 70% final barrier and they 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.
|
| 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: | $1,039,000
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| Maturity: | June 5, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 300% of the worst performing index return; if worst performing index declines but finishes at or above its 70% final barrier, par; 1% loss for every 1% that worst performing index declines if it finishes below its final barrier
|
| Call: | Automatically at a premium of 14.5% if the worst performing index closes above its initial value on June 3, 2024
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| Initial levels: | 14,254.09 for Nasdaq, 1,749.650 for Russell, 4,179.83 for S&P
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| Final barriers: | 9,977.863 for Nasdaq, 1,224.755 for Russell, 2,925.881 for S&P, 70% of initial levels
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| Upside leverage: | 300%
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17331HJ23
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