Published on 9/14/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.3 million autocallable barrier securities on Nasdaq, Russell, S&P
New York, Sept. 14 – Citigroup Global Markets Holdings Inc. priced $5.3 million of 0% autocallable barrier securities due Sept. 5, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 10% if the worst performing index closes at or above its initial value on Sept. 4, 2024.
If the worst performing index gains, the payout at maturity will be par plus 300% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 70% final barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
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 barrier securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $5.3 million
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| Maturity: | Sept. 5, 2025
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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 300% of that index’s return; if worst performing index declines but finishes at or above its 70% final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at a premium of 10% if the worst performing index closes at or above its initial value on Sept. 4, 2024
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| Initial levels: | 15,501.07 for Nasdaq-100 index, 1,899.676 for Russell 2000 index, 4,507.66 for S&P 500 index
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| Final barriers: | 10,850.749 for Nasdaq-100 index, 1,329.773 for Russell 2000 index, 3,155.362 for S&P 500 index, 70% of initial levels
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| Upside leverage: | 300%
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.45%
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| Cusip: | 17291QNE0
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