New York, June 20 – Citigroup Global Markets Holdings Inc. priced $1.34 million of 0% autocallable securities due June 12, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on June 12, 2024 with a premium of a 10.25% annual rate if the index closes above its initial value and on any subsequent annual review date.
If the index gains or declines by no more than its 10% buffer the payout at maturity will be par plus the premium for the final valuation date. Otherwise investors will lose 1% for every 1% that the index declines beyond its buffer.
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: | S&P 500 index
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| Amount: | $1,335,000
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| Maturity: | June 12, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus premium for final valuation date; par if index declines but finishes at or above its buffer; otherwise 1% loss for every 1% that index declines beyond the buffer
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| Call: | Automatically starting on June 12, 2024 with a premium of a 10.25% annual rate if the index closes above its initial value and on any subsequent annual review date
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| Initial level: | 4,298.86
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| Buffer: | 10%
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| Pricing date: | June 9
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| Settlement date: | June 14
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17291RFB3
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