By William Gullotti
Buffalo, N.Y., Jan. 23 – Citigroup Global Markets Holdings Inc. priced $1.29 million of 0% market-linked autocallable securities with contingent downside due Jan. 23, 2026 linked to Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will pay a contingent quarterly interest payment at the rate of 14.65% per year if the stock closes at or above the coupon barrier level, 70% of the initial level, on the observation date for that period.
The notes will be automatically called at par plus coupon if the stock closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par plus the final coupon if the stock finishes at or above its coupon barrier.
If the stock finishes below its coupon barrier but at or above its 50% threshold level, the payout will be par. Otherwise, investors will lose 1% for every 1% decline from its initial level.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked autocallable securities with contingent coupon and contingent downside
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $1.29 million
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| Maturity: | Jan. 23, 2026
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| Coupon: | 14.65% annual rate, payable quarterly if the stock closes at or above coupon barrier level on the relevant observation date
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| Level: | Par
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| Payout at maturity: | Par plus final coupon if stock finishes at or above coupon barrier; if the stock finishes below coupon barrier but at or above threshold level, par; otherwise, full exposure to decline from initial level
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| Call: | Automatically at par plus coupon if the stock closes at or above initial level on any quarterly observation date after six months
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| Initial level: | $95.46
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| Coupon barrier: | $66.822; 70% of initial level
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| Threshold level: | $47.73; 50% of initial level
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 23
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
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| Fees: | 1.865%
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| Cusip: | 17331CDF1
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