Published on 1/3/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.74 million autocallable barrier securities tied to three indexes
New York, Jan. 3 – Citigroup Global Markets Holdings Inc. priced $1.74 million of 0% autocallable barrier securities due Dec. 26, 2025 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 notes will be called automatically at a premium of 10.8% if the worst performing index closes at or above its initial value on Dec. 24, 2024.
If the worst performing index gains, the payout at maturity will be par plus 300% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 70% final barrier and will lose 1% for every 1% that the worst performing index 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 indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1,743,000
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Maturity: | Dec. 26, 2025
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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 300% of that index’s return; if worst performing index declines but finishes at or above its 70% final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Call: | Automatically at a premium of 10.8% if the worst performing index closes at or above its initial value on Dec. 24, 2024
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Initial levels: | 16,757.41 for Nasdaq-100 index, 2,017.065 for Russell 2000 index, 4,746.75 for S&P 500 index
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Final barriers: | 11,730.187 for Nasdaq-100 index, 1,411.946 for Russell 2000 index, 3,322.725 for S&P 500 index, 70% of initial levels
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Upside leverage: | 300%
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17291TK31
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