Published on 4/17/2024 in the Prospect News Structured Products Daily.
New Issue: Citi prices $3.49 million callable contingent coupon equity linked notes on index, ETFs
New York, April 17 – Citigroup Global Markets Holdings Inc. priced $3.49 million of callable contingent coupon equity linked securities due April 14, 2027 linked to the Consumer Discretionary Select Sector SPDR Fund, the Russell 2000 index and the VanEck Vectors Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12%, paid monthly, if the worst performing asset closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting July 9.
The payout at maturity will be par if the worst performing asset ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines.
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: | Callable contingent coupon equity linked securities
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| Underlying assets: | Consumer Discretionary Select Sector SPDR Fund, Russell 2000 index and VanEck Vectors Semiconductor ETF
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| Amount: | $3.49 million
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| Maturity: | April 14, 2027
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| Coupon: | 12%, paid monthly if the worst performing asset closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Call option: | At par on any monthly review date starting July 9
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| Initial levels: | $181.39 for Consumer Discretionary Select Sector SPDR Fund, 2,080.800 for Russell 2000 index, $224.10 for VanEck Vectors Semiconductor ETF
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| Coupon barriers: | $126.973 for Consumer Discretionary Select Sector SPDR Fund, 1,456.560 for Russell 2000 index, $156.870 for VanEck Vectors Semiconductor ETF, 70% of initial levels
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| Final barriers: | $108.834 for Consumer Discretionary Select Sector SPDR Fund, 1,248.480 for Russell 2000 index, $134.460 for VanEck Vectors Semiconductor ETF, 60% of initial levels
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| Pricing date: | April 9
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| Settlement date: | April 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17331AD73
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