Published on 1/5/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.15 million PLUS linked to S&P 500
New York, Jan. 5 – Citigroup Global Markets Holdings Inc. priced $4.15 million of 0% PLUS due April 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 15%. Investors will lose 1% for every 1% that it declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | PLUS
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| Underlying index: | S&P 500 index
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| Amount: | $4,148,000
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| Maturity: | April 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 300% of index return subject to a maximum return of par plus 15%; 1% loss for every 1% that index declines
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| Initial level: | 4,783.35
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| Upside leverage: | 300%
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| Cap: | 15%
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| Pricing date: | Dec. 28
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| Settlement date: | Jan. 3
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| Agent: | Citigroup Global Markets Inc.
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| Selected dealer: | Morgan Stanley Wealth Management,
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 17291TZT8
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