Published on 6/6/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.53 million callable contingent coupon equity linked securities on indexes
New York, June 6 – Citigroup Global Markets Holdings Inc. priced $1.53 million of callable contingent coupon equity linked securities due Nov. 29, 2024 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6%, paid monthly, if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting Nov. 27, 2023.
The payout at maturity will be par if the worst performing index finishes at or above its 80% final buffer. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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: | Callable contingent coupon equity linked securities
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| Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $1,525,000
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| Maturity: | Nov. 29, 2024
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| Coupon: | 6%, paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its final buffer, par; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
|
| Call option: | At par on any monthly review date starting Nov. 27, 2023
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| Initial levels: | 32,764.65 for Dow Jones industrial average, 13,938.53 for Nasdaq-100 index
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| Coupon barriers: | 26,211.720 for Dow Jones industrial average, 11,150.824 for Nasdaq-100 index, 80% of initial levels
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| Buffer: | 20%
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| Final buffers: | 26,211.72 for Dow Jones industrial average, 11,150.824 for Nasdaq-100 index, 80% of initial levels
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17331HMV5
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