Published on 3/26/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $560,000 autocallable securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 26 – Citigroup Global Markets Holdings Inc. priced $560,000 of 0% autocallable market-linked securities due July 6, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 7% if the index closes at or above its initial level on July 1, 2024.
If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus 110% of the index return. Otherwise, the payout will be par.
The notes are guaranteed by Citigroup Inc.
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 securities
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| Underlying index: | S&P 500 index
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| Amount: | $560,000
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| Maturity: | July 6, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus 110% of index return; otherwise, par
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| Call: | Automatically at par plus 7% if index closes at or above initial level on July 1, 2024
|
| Initial level: | 4,450.38
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| Pricing date: | June 30, 2023
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| Settlement date: | July 6, 2023
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17291R6R8
|
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