By William Gullotti
Buffalo, N.Y., April 3 – Citigroup Global Markets Holdings Inc. priced $1.07 million of 0% autocallable market-linked securities due March 29, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Citigroup Inc.
The securities will be automatically called at par plus an early redemption premium of 9.7% if the index closes at or above its initial level on March 25, 2024.
If the securities have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable market-linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,066,000
|
| Maturity: | March 29, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index declines
|
| Call: | Par plus 9.7% premium if the index closes at or above initial level on March 25, 2024
|
| Initial level: | 3,970.99
|
| Pricing date: | March 24
|
| Settlement date: | March 28
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | None
|
| Cusip: | 17331CYJ0
|
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