Published on 2/2/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $567,000 autocallable buffer securities linked to Dow, S&P Dynamic
Chicago, Feb. 2 – Citigroup Global Markets Holdings Inc. priced $567,000 of 0% autocallable buffer securities due Jan. 12, 2029 linked to the worst performing of the Dow Jones industrial average and S&P 500 Dynamic Participation index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 10.15% if the worst performing index closes above its initial value on Jan. 9, 2025.
If the worst performing index gains the payout will be par plus 150% of its return. Investors will receive par if the worst performing index declines but ends at or above its 15% buffer and they 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: | Autocallable buffer securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 Dynamic Participation index
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| Amount: | $567,000
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| Maturity: | Jan. 12, 2029
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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 150% of its return; par if worst performing index declines but finishes at or above its 15% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
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| Call: | Automatically at a premium of 10.15% if the worst performing index closes above its initial value on Jan. 9, 2025
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| Initial levels: | 37,525.16 for Dow, 774.30 for S&P Dynamic Participation index
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| Buffer levels: | 31,896.386 for Dow, 658.155 for S&P Dynamic Participation index, 85% of initial levels
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| Buffer: | 15%
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| Upside leverage: | 150%
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| Pricing date: | Jan. 9
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| Settlement date: | Jan. 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17291TZ92
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