Published on 4/9/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.6 million autocallable barrier securities linked to two indexes, ETF
New York, April 9 – Citigroup Global Markets Holdings Inc. priced $5.6 million of 0% autocallable barrier securities due Sept. 30, 2026 linked to the Nasdaq-100 index, the Russell 2000 index and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 20% if the worst performing asset closes at or above its initial value on March 26, 2025.
If the worst performing asset gains, the payout at maturity will be par plus 365% of that asset’s return.
Investors will receive par if the worst performing asset declines but ends at or above its 70% final barrier and will lose 1% for every 1% that the worst performing asset 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 assets: | Nasdaq-100 index, Russell 2000 index and Utilities Select Sector SPDR Fund
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| Amount: | $5,595,000
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| Maturity: | Sept. 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its initial value, par plus 365% of that asset’s return; if worst performing asset declines but finishes at or above its 70% final barrier, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Call: | Automatically at a premium of 20% if the worst performing asset closes at or above its initial value on March 26, 2025
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| Initial levels: | 18,277.06 for Nasdaq-100 index, 2,074.163 for Russell 2000 index, $64.16 for Utilities Select Sector SPDR Fund
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| Final barriers: | 12,793.942 for Nasdaq-100 index, 1,451.914 for Russell 2000 index, $44.912 for Utilities Select Sector SPDR Fund, 70% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17291LMB8
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