Published on 3/1/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.55 million autocallable securities on indexes
Chicago, March 1 – Citigroup Global Markets Holdings Inc. priced $1.55 million of 0% autocallable securities due Feb. 7, 2029 linked to the worst performing of the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on Feb. 5, 2025 with a premium of a 11% annual rate if the worst performing index closes above its initial value and on any subsequent annual review date.
If the worst performing index gains the payout at maturity will be par plus the premium for the final valuation date. Investors will receive par if the worst performing index but ends above the 70% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below its barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
|
Guarantor: | Citigroup Inc.
|
Issue: | Autocallable securities
|
Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
|
Amount: | $1,551,000
|
Maturity: | Feb. 7, 2029
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 55% premium for final valuation date; par if worst performing index declines but finishes at or above its 70% barrier; otherwise, 1% loss for every 1% that worst performing index declines
|
Call: | Automatically starting on Feb. 5, 2025 with a premium of a 11% annual rate if the worst performing index closes above its initial value and on any subsequent annual review date
|
Initial levels: | 38,654.42 for Dow, 1,962.731 for Russell, 4,958.61 for S&P
|
Final barriers: | 27,058.094 for Dow, 1,373.912 for Russell, 3,471.027 for S&P, 70% of initial levels
|
Pricing date: | Feb. 2
|
Settlement date: | Feb. 7
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 0.75%
|
Cusip: | 17291LGT6
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.