By Wendy Van Sickle
Columbus, Ohio, May 22 – Citigroup Global Markets Holdings Inc. priced $20.89 million of 0% autocallable dual directional market-linked notes due May 22, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a 6.25% premium if the index closes at or above its initial level on May 17, 2024.
If the index finishes positive, the payout at maturity will be par plus 10%.
If the index declines by up to 15%, the payout will be par plus the absolute value of the index return. Otherwise, investors will receive par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable dual directional market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $20,885,000
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Maturity: | May 22, 2025
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 6.25% premium if index closes at or above initial level on May 17, 2024
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Payout at maturity: | If index finishes positive, par plus 10%; if index falls by up to 15%, par plus absolute value of index return; otherwise, par
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Initial level: | 4,158.77
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Pricing date: | May 17
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Settlement date: | May 22
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.5%
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Cusip: | 17331HN93
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