Published on 3/10/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $530,000 enhanced barrier digital securities linked to S&P 500
By Kiku Steinfeld
Chicago, March 11– Citigroup Global Markets Holdings Inc. priced $530,000 of 0% enhanced barrier digital securities due Aug. 1, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its 80% final barrier then the payout at maturity will be par plus the 8% digital payment. Otherwise the notes will pay par less 1% for every 1% decline of the index.
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: | Enhanced barrier digital securities
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| Underlying index: | S&P 500 index
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| Amount: | $530,000
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| Maturity: | Aug. 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its 80% final barrier, par plus 8% digital return; 1% loss for every 1% that index declines if it finishes below its final barrier
|
| Initial level: | 4,376.86
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| Upside payment: | 8%
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| Final barrier: | 3,501.488, 80% of initial level
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| Pricing date: | June 28, 2023
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| Settlement date: | July 3, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.9%
|
| Cusip: | 17291RSP8
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