Published on 1/24/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $64.88 million 10.76% autocallable notes on three indexes
New York, Jan. 24 – Citigroup Global Markets Holdings Inc. priced $64.88 million of 10.76% autocallable equity linked securities due Jan. 24, 2025 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly and the securities will be called automatically starting July 19, 2024 at par if the price of the worst performing index is greater than or equal to its initial level on any monthly valuation date.
The payout at maturity will be par if the worst performing index ends at or above its initial level or never closes below its 70% knock-in level. Otherwise investors will lose 1% 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 equity linked securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $64,884,000
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| Maturity: | Jan. 24, 2025
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| Coupon: | 10.76%, payable monthly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above initial level or never has closed below final barrier during life of notes, par; otherwise, 1% loss for every 1% that worst performing index declines
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| Call: | Automatically starting July 19, 2024 at par if the level of the worst performing index is greater than or equal to its initial price on any monthly valuation date
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| Initial levels: | 17,314.00 for Nasdaq-100 index, 1,944.391 for Russell 2000 index, 4,839.81 for S&P 500 index
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| Final barriers: | 12,119.800 for Nasdaq-100 index, 1,361.074 for Russell 2000 index, 3,387.867 for S&P 500 index, 70% of initial levels
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.45%
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| Cusip: | 17291TZS0
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