Published on 3/3/2024 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.82 million buffered digital notes on index basket
Chicago, March 4 – Citigroup Global Markets Holdings Inc. priced $2.82 million of 0% buffered digital equity index basket-linked notes due Aug. 26, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 26% weight, the FTSE 100 index with a 17% weight, the Swiss Market index with an 12% weight and the S&P/ASX 200 index with an 9% weight.
If the basket finishes positive, investors will receive the greater of par plus 14.98% or the return of the basket.
If the basket return declines but is greater than or equal to negative 10%, the payout at maturity will be par.
If the basket return is below negative 10%, investors will lose 1.1111% for every 1% that the basket declines beyond 10%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Buffered digital equity index basket-linked notes
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| Underlying basket: | Euro Stoxx 50 (36% weight), Topix (26% weight), FTSE 100 (17% weight), Swiss Market (12% weight), S&P/ASX 200 (9% weight)
|
| Amount: | $2,819,000
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| Maturity: | Aug. 26, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus greater of 14.98% or return of basket; par if basket declines up to 10%; otherwise, 1.1111% loss for each 1% decline beyond 10% buffer
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| Initial levels: | 4,855.36 for Stoxx, 2,660.71 for Topix, 7,684.49 for FTSE, 11,386.17 for Swiss Market, 7,611.243 for S&P/ASX
|
| Buffer level: | 90% of initial level
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 29
|
| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.51%
|
| Cusip: | 17291LBS3
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