Published on 11/10/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $250,000 autocallable contingent coupon market notes on stocks
Chicago, Nov. 10 – Citigroup Global Markets Holdings Inc. priced $250,000 of autocallable contingent coupon market-linked notes due Nov. 10, 2028 linked to the worst performing of Amazon.com, Inc., Apple Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13% paid monthly if the worst performing stock closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically at par starting after one year if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.
The payout at maturity will be par plus any contingent coupon.
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 contingent coupon market-linked notes
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| Underlying stocks: | Amazon.com, Inc., Apple Inc. and Tesla, Inc.
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| Amount: | $250,000
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| Maturity: | Nov. 10, 2028
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| Coupon: | 13% annual rate, paid monthly if the worst performing stock closes at or above its 80% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par plus any contingent coupon
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| Call: | Automatically at par starting after one year if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
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| Initial levels: | $138.60 for Amazon, $176.65 for Apple, $219.96 for Tesla
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| Coupon barriers: | $110.88 for Amazon, $141.32 for Apple, $175.968 for Tesla, 80% of initial levels
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| Strike date: | Nov. 3
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| Pricing date: | Nov. 7
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| Settlement date: | Nov. 10
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17291T4K1
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