New York, April 13 – Citigroup Global Markets Holdings Inc. priced $6.5 million of 0% autocallable securities due April 8, 2027 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on April 5, 2024 with a premium of a 14% annual rate if the index closes above its initial value.
If the index gains the payout at maturity will be par plus 125.35% of the index return. Otherwise investors will lose 1% for every 1% that the index declines.
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: | Autocallable securities
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| Underlying index: | Nasdaq-100 index
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| Amount: | $6.5 million
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| Maturity: | April 8, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial value, par plus 125.35% of index return; otherwise 1% loss for every 1% that index declines
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| Call: | Automatically on April 5, 2024 with a premium of a 14% annual rate if the index closes above its initial value
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| Initial level: | 12,967.2
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| Upside leverage: | 125.35%
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| Pricing date: | April 5
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| Settlement date: | April 11
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17331HME3
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