New York, Jan. 20 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% buffer securities due Jan. 23, 2025 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of par plus 29.5%.
Investors will receive par if the ETF declines up to 10% and will lose 1% for every 1% that the ETF declines beyond 10%.
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: | Buffer securities
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| Underlying fund: | Invesco QQQ Trust, Series 1
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| Amount: | $2 million
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| Maturity: | Jan. 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus 200% of ETF return, subject to a maximum return of par plus 29.5%; par if ETF declines by no more than 10%; otherwise, exposure to decline in ETF beyond buffer
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| Initial level: | $281.54
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| Upside leverage: | 200%
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| Cap: | 29.5%
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| Buffer: | 10%
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| Buffer level: | $253.386, 90% of initial level
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 20
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17331CBF3
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