By Kiku Steinfeld
Chicago, Jan. 19 – Citigroup Global Markets Holdings Inc. priced $180,000 of market-linked autocallable securities with fixed percentage buffered downside due Jan. 6, 2025 – autocallable with contingent coupon and contingent downside linked to the least performing of the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a fixed call premium of 10.5% per year if the fund closes at or above the initial level on any annual call observation date.
The notes will be called at par if the ETF closes at or above its initial level on any annual observation date.
The payout at maturity will be par unless ETF falls by more than 15%, in which case investors will loss 1% per 1% decline of ETF beyond its buffer.
Citigroup Global Markets Inc. is the lead agent and Wells Fargo Securities, LLC is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked autocallable securities with fixed-percentage buffered downside
|
| Underlying ETF: | KraneShares CSI China Internet ETF
|
| Amount: | $180,000
|
| Maturity: | Jan. 6, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless ETF falls by more than 15%, in which case 1% loss per 1% decline of ETF beyond buffer
|
| Call: | Automatically at par plus 10.5% per year fixed call premium if the fund closes at or above the initial level on any annual call observation dates
|
| Initial level: | $37.09
|
| Buffer: | $31.5265, 85%% of initial level
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 4
|
| Agents: | Citigroup Global Markets Inc. as lead agent and Wells Fargo Securities, LLC as agent
|
| Fees: | 2.725%
|
| Cusip: | 17329URU7
|
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