Citigroup S&P ETFs Autocallable Notes Investor Lawsuits

Citigroup S&P ETFs Autocallable Notes Results in Potential Significant Investor Risk

The White Law Group is investigating potential securities lawsuits involving Citigroup S&P ETFs Autocallable Notes.

Investors who purchased a structured product from Citigroup Global Markets linked to multiple S&P ETF funds may face significant downside risk depending on the worst-performing ETF.

The structured note in question—Citigroup’s Autocallable Contingent Coupon Equity Linked Securities linked to the worst-performing of the SPDR® S&P® Bank ETF, SPDR® S&P® Biotech ETF, and the Technology Select Sector SPDR® Fund (CUSIP: 17329ULH2)—was issued in October 2021 with a face value of $4,862,850. The note’s payout is based on the lowest-performing ETF, which exposes investors to heightened risk and potential principal loss.

Details of the Investment – Citigroup S&P ETFs Autocallable

• Issue Date: October 26, 2021

• Linked Securities:
  • SPDR® S&P® Bank ETF (NYSEARCA: KBE)

  • SPDR® S&P® Biotech ETF (NYSEARCA: XBI)

  • Technology Select Sector SPDR® Fund (NYSEARCA: XLK)

• Product Type: Autocallable Contingent Coupon Equity Linked Securities

• Face Value: $4,862,850

• Final Payout: Based on the worst-performing ETF on October 31, 2023

• If worst ETF ? $75.00 (75% of initial value): $1,000 + $12.625 final coupon per note

• If < $75.00: Investors receive $1,000 × (final value ÷ initial value) of worst performer — full loss possible

• Total Loss Potential: Up to 100% of principal if the worst-performing ETF closes below its final barrier value

Why Could the Investment Lose Value?

These notes tie repayment to the weakest of three high-volatility ETFs. In this case:

• Called if all ETFs close above call threshold value on observation dates

• If not called and worst ETF < $75.00, loss is based on worst ETF performance

• No coupon paid if worst ETF < coupon barrier on any coupon date

• Estimated value at issuance: $976.25 per $1,000 note

Understanding the Risks of Autocallable Notes

While offering high contingent coupon potential, these notes carry risks including:

• Market risk of all three ETFs

• Exposure to worst-performing ETF

• Credit risk of Citigroup Global Markets Holdings Inc.

• Full downside risk with no principal protection

• Not FDIC insured or government backed

Did Your Financial Advisor Recommend This Investment?

Advisors must disclose the risks of complex structured products. If this triple-ETF note was unsuitable for your portfolio, you may be able to recover losses through FINRA arbitration.

FINRA Arbitration vs. Class Action

• Arbitration suits larger, individual investor losses

• Class actions cover widespread, lower-value claims

Free Consultation

The White Law Group is investigating potential claims involving Citigroup S&P ETFs Autocallable Notes. Call (888) 637-5510 for a free consultation.

Visit www.whitesecuritieslaw.com for details on open investigations.