By William Gullotti
Buffalo, N.Y., Oct. 4 – Citigroup Global Markets Holdings Inc. priced $3 million of 0% capped buffer in-gears due June 21, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index return is greater than or equal to 50%, the payout at maturity will be par plus 91.2%.
If the index return is less than 50% but greater than or equal to 20%, the payout at maturity will be par plus 21% plus 2.34 times the quantity of the return less 20%.
If the index return is less than 20% but greater than or equal to -10%, the payout at maturity will be par plus plus 0.7 times the quantity of the return plus 10%.
If the index declines more than 10% but no more than 30%, the payout at maturity will be par plus 1.5 times the quantity of the return plus 10%.
Otherwise, investors will lose 1% for every 1% decline in the index from its initial level.
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: | Capped buffer in-gears
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| Underlying index: | Dow Jones industrial average
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| Amount: | $3 million
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| Maturity: | June 21, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is greater than 50%, par plus 91.2%; if the index return is less than 50% but greater than 20%, par plus 21% plus 2.34 times the quantity of the return minus 20%; if the index return is less than 20% but greater than or equal to -10%, par plus 0.7 times the quantity of the return plus 10%; if the index declines more than 10% but no more than 30%, par plus 1.5 times the quantity of the return plus 10%; otherwise, lose 1% for every 1% decline from initial level
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| Initial level: | Average of index closing levels over three-month period from Sept. 27 to and including Dec. 23
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| Final level: | Average of index closing levels over the three-month period from March 18, 2027 to and including June 16, 2027
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| Pricing date: | Sept. 28
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| Settlement date: | Oct. 1
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17329T500
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