Chicago, Aug. 24 – Citigroup Global Markets Holdings Inc. priced $215,000 of market-linked autocallable securities with contingent coupon and contingent downside due Jan. 24, 2025 linked to 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 pay a quarterly 15.25% coupon if the ETF closes above its 70% coupon barrier value on any related observation date.
The notes will be automatically called at par if the ETF closes above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless the ETF falls by more than 30%, in which case investors will loss 1% for each 1% decline of the ETF from its initial level.
Citigroup Global Markets Inc. is the lead agent and Wells Fargo Securities, LLC is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying ETF: | KraneShares CSI China Internet ETF
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| Amount: | $215,000
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| Maturity: | Jan. 24, 2025
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| Coupon: | 15.25% annual rate, payable quarterly when ETF closes above coupon barrier level on related observation date
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| Price: | Par
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| Payout at maturity: | Par unless ETF falls by more than final barrier level, in which case 1% loss per 1% decline of ETF from initial level
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| Call: | Automatically at par if ETF closes above initial level on any quarterly valuation date after six months
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| Initial level: | $36.81
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| Coupon barrier level: | $25.767, 70%% of initial level
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| Buffer: | $25.767, 70%% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC as agent
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| Fees: | 2.225%
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| Cusip: | 17329URQ6
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