Published on 7/25/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $517,000 autocallable securities linked to Nasdaq, Russell, S&P
New York, July 25 – Citigroup Global Markets Holdings Inc. priced $517,000 of 0% autocallable securities due July 24, 2028 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 securities will be called automatically at par plus a 9.55% annualized call premium if the worst performing index closes at or above its initial value on any annual review date.
If the worst performing index finishes flat or gains, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing index declines but ends at or above the 70% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below its 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 securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $517,000
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| Maturity: | July 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 premium for final valuation date; par if worst performing index declines but finishes at or above its 70% barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par plus a 9.55% annualized call premium if the worst performing index closes at or above its initial value on any annual review date
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| Initial levels: | 15,826.35 for Nasdaq-100 index, 1,984.886 for Russell 2000 index, 4,565.72 for S&P 500 index
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| Final barriers: | 11,078.445 for Nasdaq-100 index, 1,389.420 for Russell 2000 index, 3,196.004 for S&P 500 index, 70% of initial levels
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| Pricing date: | July 19
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| Settlement date: | July 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17291RS37
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