Published on 3/8/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.11 million autocallable barrier securities on Dow, Nasdaq, Russell
New York, March 8 – Citigroup Global Markets Holdings Inc. priced $3.11 million of 0% autocallable barrier securities due Feb. 28, 2029 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 10.55% if the worst performing index closes at or above its initial value on Feb. 26, 2025.
If the worst performing index gains, the payout at maturity will be par plus 200% 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $3,105,000
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| Maturity: | Feb. 28, 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 200% 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 10.55% if the worst performing index closes at or above its initial value on Feb. 26, 2025
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| Initial levels: | 39,131.53 for Dow Jones industrial average, 17,937.61 for Nasdaq-100 index, 2,016.688 for Russell 2000 index
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| Final barriers: | 27,392.071 for Dow Jones industrial average, 12,556.327 for Nasdaq-100 index, 1,411.682 for Russell 2000 index, 70% of initial levels
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| Upside leverage: | 200%
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17291LGN9
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