Published on 10/2/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.46 million market-linked securities linked to Citi Dynamic Asset
New York, Oct. 2 – Citigroup Global Markets Holdings Inc. priced $1.46 million of 0% market-linked securities due Oct. 1, 2026 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 355% of the index return. Otherwise, investors will receive par.
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: | Market-linked securities
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Underlying index: | Citi Dynamic Asset Selector 5 Excess Return index
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Amount: | $1,457,000
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Maturity: | Oct. 1, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 355% of index return; minimum payout of par
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Initial level: | 213.46
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Upside leverage: | 355%
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Pricing date: | Sept. 26
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Settlement date: | Sept. 29
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17291QMT8
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