New York, July 27 – Citigroup Global Markets Holdings Inc. priced $250,000 of autocallable contingent coupon equity linked securities due Jan. 24, 2025 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.75%, paid monthly, if the ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the ETF is greater than or equal to its initial level on any monthly valuation date starting Jan. 22, 2024.
If the ETF finishes at or above its 60% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the ETF 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 contingent coupon equity linked securities
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Underlying ETF: | ARK Innovation ETF
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Amount: | $250,000
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Maturity: | Jan. 24, 2025
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Coupon: | 12.75%, paid monthly if the ETF closes at or above its 70% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If ETF finishes at or above final barrier, par; otherwise, 1% loss for every 1% that ETF declines from initial level
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Call: | Automatically at par if the closing level of the ETF is greater than or equal to its initial level on any monthly valuation date starting Jan. 22, 2024
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Initial level: | $47.76
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Coupon barrier: | $33.432, 70% of initial level
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Final barrier: | $28.656, 60% of initial level
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Pricing date: | July 20
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Settlement date: | July 25
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.375%
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Cusip: | 17291RPD8
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