New York, June 20 – Citigroup Global Markets Holdings Inc. priced $1.29 million of 0% autocallable barrier securities due June 20, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus an 8.6% call premium if the closing level of the index is greater than or equal to its initial level on June 17, 2024.
If the index gains, the payout will be par plus 200% of the index return.
Investors will receive par if the index declines but ends at or above its 70% final barrier and will lose 1% for every 1% that the index declines if it finishes below the final 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 barrier securities
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| Underlying index: | S&P 500 index
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| Amount: | $1,285,000
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| Maturity: | June 20, 2028
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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 200% of the index return; if index declines but finishes at or above its 70% final barrier, par; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically at par plus an 8.6% call premium if the closing level of the index is greater than or equal to its initial level on June 17, 2024
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| Initial level: | 4,372.59
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| Final barrier: | 3,060.813, 70% of initial level
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| Upside leverage: | 200%
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| Pricing date: | June 14
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| Settlement date: | June 20
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.125%
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| Cusip: | 17291REU2
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