Published on 4/17/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.77 million 6.65% contingent coupon autocallables linked to indexes
New York, April 17 – Citigroup Global Markets Holdings Inc. priced $3.77 million of autocallable contingent coupon equity linked securities due July 20, 2028 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.65% paid monthly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically starting Jan. 17, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing index finishes at or above its 75% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing index declines.
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 contingent coupon equity linked securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $3.77 million
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| Maturity: | July 20, 2028
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| Coupon: | 6.65% paid monthly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | Automatically starting Jan. 17, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | 34,585.35 for Dow Jones industrial average, 15,713.28 for Nasdaq-100 index, 1,951.269 for Russell 2000 index
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| Coupon barriers: | 25,939.013 for Dow Jones industrial average, 11,784.960 for Nasdaq-100 index, 1,463.452 for Russell 2000 index, 75% of initial levels
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| Final barriers: | 25,939.013 for Dow Jones industrial average, 11,784.960 for Nasdaq-100 index, 1,463.452 for Russell 2000 index, 75% of initial levels
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| Pricing date: | July 17, 2023
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| Settlement date: | July 20, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17291RK92
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