Chicago, June 21 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% barrier securities due Dec. 5, 2024 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout at maturity will be par plus 200% of the stock return subject to a maximum return of par plus 64.5%. Investors will receive par if the stock declines but ends above the 80% barrier and will lose 1% for every 1% that the stock declines if it finishes below the 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: | Barrier securities
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| Underlying stock: | Nvidia Corp.
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| Amount: | $1.5 million
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| Maturity: | Dec. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains, par plus 200% of stock return subject to a maximum return of par plus 64.5%; par if stock declines but finishes above the 80% barrier; otherwise, exposure to decline in stock
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| Initial level: | $378.34
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| Final barrier: | $302.672, 80% of initial level
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| Upside leverage: | 200%
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| Cap: | 64.5%
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| Call: | Non-callable
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17291R6C1
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