Published on 1/6/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.14 million autocallable market-linked notes linked to S&P, Dow
By William Gullotti
Buffalo, N.Y., Jan. 6 – Citigroup Global Markets Holdings Inc. priced $1.14 million of 0% autocallable market-linked notes due Dec. 29, 2026 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a 10.5% call premium if each index closes at or above its initial level on Dec. 26, 2023.
If the notes have not been called, the payout at maturity will be par plus any gain of the laggard index. Otherwise, investors will receive par.
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 notes
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Underlying indexes: | Dow Jones industrial average, S&P 500 index
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Amount: | $1,135,000
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Maturity: | Dec. 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain of laggard index; otherwise, par
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Call: | Automatically at par plus 10.5% if each index closes at or above its initial level on Dec. 26, 2023
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Initial levels: | 3,844.82 for S&P, 33,203.93 for Dow
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17330YW48
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