Published on 5/25/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $5.07 million autocallable barrier securities linked to Dow, Nasdaq, Russell
New York, May 25 – Citigroup Global Markets Holdings Inc. priced $5.07 million of 0% autocallable barrier securities due May 24, 2028 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 15.5% if the worst performing index closes at or above its initial value on May 22, 2024.
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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $5,068,000
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| Maturity: | May 24, 2028
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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
|
| Call: | Automatically at a premium of 15.5% if the worst performing index closes at or above its initial value on May 22, 2024
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| Initial levels: | 33,426.63 for Dow Jones industrial average, 13,803.49 for Nasdaq-100 index, 1,773.717 for Russell 2000 index
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| Final barriers: | 23,398.641 for Dow Jones industrial average, 9,662.443 for Nasdaq-100 index, 1,241.602 for Russell 2000 index, 70% of initial level
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| Upside leverage: | 200%
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| Pricing date: | May 19
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| Settlement date: | May 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17331HF92
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