Published on 7/12/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.13 million callable contingent coupon equity linked securities on indexes
New York, July 12 – Citigroup Global Markets Holdings Inc. priced $1.13 million of callable contingent coupon equity linked securities due Jan. 2, 2025 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6%, paid monthly, if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting Dec. 27, 2023.
The payout at maturity will be par if the worst performing index finishes at or above 80% of initial level.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 20%.
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 indexes: | Dow Jones industrial average and Nasdaq-100 index
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Amount: | $1.13 million
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Maturity: | Jan. 2, 2025
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Coupon: | 6%, paid monthly if the worst performing index 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: | If worst performing index finishes at or above its final buffer, par; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
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Call option: | At par on any monthly review date starting Dec. 27, 2023
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Initial levels: | 33,926.74 for Dow Jones industrial average, 14,945.91 for Nasdaq-100 index
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Coupon barriers: | 27,141.392 for Dow Jones industrial average, 11,956.728 for Nasdaq-100 index, 80% of initial levels
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Buffer: | 20%
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Final buffers: | 27,141.392 for Dow Jones industrial average, 11,956.728 for Nasdaq-100 index, 80% of initial levels
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17291R3W0
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