Chicago, Feb. 24 – Citigroup Global Markets Holdings Inc. priced $25 million of 0% autocallable securities due Feb. 22, 2027 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on Feb. 20, 2024 with a premium of a 13% if the index closes above its initial value.
If the index gains the payout at maturity will be par plus 1.275 times the index return. Otherwise, investors lose 1% for every 1% that the index 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: | Autocallable securities
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| Underlying index: | Nasdaq-100 index
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| Amount: | $25 million
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| Maturity: | Feb. 22, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial value, par plus 1.275 times index return; otherwise, 1% loss for every 1% that index declines
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| Call: | Automatically on Feb. 20, 2024 with a premium of a 13% if the index closes above its initial value
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| Initial level: | 12,358.18
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 23
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17331CS32
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