By Wendy Van Sickle
Columbus, Ohio, May 25 – Citigroup Global Markets Holdings Inc. priced $68 million of 0% autocallable securities due May 24, 2027 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 13% if the index closes at or above its initial level on May 20, 2024.
If the index gains the payout at maturity will be par plus 1.3 times the return. Investors will lose 1% for every 1% that the index declines if it finishes below its barrier.
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: | $68 million
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Maturity: | May 24, 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 1.3 times index return; otherwise, 1% loss for every 1% that index declines
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Call: | Automatically on May 20, 2024 with a premium of 13% if the index closes above its initial value
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Initial level: | 13,803.49
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Pricing date: | May 19
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Settlement date: | May 24
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.75%
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Cusip: | 17331HX43
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