Published on 10/3/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.8 million autocallable securities linked to Dow, Russell, S&P
New York, Oct. 3 – Citigroup Global Markets Holdings Inc. priced $1.80 million of 0% autocallable securities due Sept. 29, 2028 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically with a premium of an 8.25% annual rate if the worst performing index closes at or above its initial value on any annual review date.
If the worst performing index finishes flat or gains, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing index declines but ends at or above the 55% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below its 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 securities
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $1,796,000
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| Maturity: | Sept. 29, 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 premium for final valuation date; par if worst performing index declines but finishes at or above its 55% barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically with a premium of an 8.25% annual rate if the worst performing index closes at or above its initial value on any annual review date
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| Initial levels: | 33,618.88 for Dow Jones industrial average, 1,761.609 for Russell 2000 index, 4,273.53 for S&P 500 index
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| Final barriers: | 18,490.384 for Dow Jones industrial average, 968.885 for Russell 2000 index, 2,350.442 for S&P 500 index, 55% of initial levels
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.2%
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| Cusip: | 17291QPV0
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