Published on 4/19/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.28 million contingent coupon market-linked autocalls on three indexes
New York, April 19 – Citigroup Global Markets Holdings Inc. priced $1.28 million of autocallable contingent coupon market-linked notes due April 5, 2028 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.75% per year, paid monthly, if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date starting April 2, 2024.
The payout at maturity will be par plus any contingent coupon otherwise due.
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 indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1,277,000
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Maturity: | April 5, 2028
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Coupon: | 6.75%, 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: | Par plus any contingent coupon otherwise due
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Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date starting April 2, 2024
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Initial levels: | 13,181.35 for Nasdaq-100 index, 1,802.484 for Russell 2000 index, 4,109.31 for S&P 500 index
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Coupon barriers: | 10,545.080 for Nasdaq-100 index, 1,441.987 for Russell 2000 index, 3,287.448 for S&P 500 index, 80% of initial levels
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 17331CW86
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