Published on 4/9/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $369,000 autocallables linked to Russell, S&P
By Angela McDaniels
Tacoma, Wash., April 9 – Citigroup Global Markets Holdings Inc. priced $369,000 of 0% autocallable market-linked securities due July 6, 2026 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 6.75% per year if each index closes at or above its initial level on July 1, 2024, June 30, 2025 or June 30, 2026.
If the notes are not called, the payout at maturity will be par.
The notes are guaranteed by Citigroup Inc.
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: | Autocallable market-linked securities
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $369,000
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Maturity: | July 6, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not called, par
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Call: | Automatically at par plus 6.75% per year if each index closes at or above initial level on July 1, 2024, June 30, 2025 or June 30, 2026
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Initial levels: | 1,888.734 for Russell and 4,450.38 for S&P
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Pricing date: | June 30, 2023
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Settlement date: | July 6, 2023
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 17291R4N9
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