Published on 12/19/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $500,000 autocallable buffer securities linked to Russell 2000, S&P 500, S&P MidCap 400
New York, Dec. 19 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% autocallable buffer securities due Dec. 13, 2028 linked to the Russell 2000 index, S&P 500 index and S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 200% of its return. Investors will receive par if the worst performing index declines but ends at or above its 20% buffer and they will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The notes will be called automatically at a premium of 11.05% if the worst performing index closes above its initial value on Dec. 11, 2024 and on any subsequent annual valuation date.
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 buffer securities
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| Underlying indexes: | Russell 2000 index, S&P 500 index and S&P MidCap 400 index
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| Amount: | $500,000
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| Maturity: | Dec. 13, 2028
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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 200% of its return; par if worst performing index declines but finishes at or above its 20% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
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| Upside leverage: | 200%
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| Initial levels: | 1,880.817 for Russell 2000 index, 4,604.37 for S&P 500 index, 2,632.09 for S&P MidCap 400 index
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| Buffer: | 20%
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| Buffer levels: | 1,504.654 for Russell 2000 index, 3,683.496 for S&P 500 index, 2,105.672 for S&P MidCap 400 index, 80% of initial level
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| Call: | Automatically at a premium of 11.05% if the worst performing index closes above its initial value on Dec. 11, 2024 and on any subsequent annual valuation date
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17291TEU8
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