Published on 6/7/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.08 million 8.5% autocallable contingent coupon notes on indexes
New York, June 7 – Citigroup Global Markets Holdings Inc. priced $3.08 million of autocallable contingent coupon equity linked securities due May 29, 2026 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.5% paid quarterly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically starting Nov. 27, 2023 if the price of the worst performing index is greater than or equal to its initial price on any quarterly valuation date.
If the worst performing index finishes at or above its 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing index declines.
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 contingent coupon equity linked securities
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $3,079,000
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| Maturity: | May 29, 2026
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| Coupon: | 8.5% paid quarterly 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 final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | Automatically starting Nov. 27, 2023 if the price of the worst performing index is greater than or equal to its initial price on any quarterly valuation date
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| Initial levels: | 32,764.65 for Dow Jones industrial average, 13,938.53 for Nasdaq-100 index, 1,754.605 for Russell 2000 index
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| Coupon barriers: | 26,211.720 for Dow Jones industrial average, 11,150.824 for Nasdaq-100 index, 1,403.684 for Russell 2000 index, 80% of initial levels
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| Final barriers: | 22,935.255 for Dow Jones industrial average, 9,756.971 for Nasdaq-100 index, 1,228.224 for Russell 2000 index, 70% 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: | 3%
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| Cusip: | 17331HFE1
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