By Wendy Van Sickle
Columbus, Ohio, Aug. 7 – Citigroup Global Markets Holdings Inc. priced $11.5 million of 0% autocallable enhanced barrier notes due Aug. 7, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a 7.6% call premium if the index closes at or above its initial level on Aug. 14, 2024.
If the index finishes at or above 70% of its initial level, the payout at maturity will be the greater of par plus the index return and par plus 15.2%.
Otherwise, investors will lose 1% for every 1% decline from initial level.
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 enhanced barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $11.5 million
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| Maturity: | Aug. 7, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above 70% of its initial level, the greater of par plus 15.2% and par plus the index return; otherwise, lose 1% for every 1% decline from initial level
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| Call: | Automatically at par plus 7.6% premium if the index closes at or above its initial level on Aug. 14, 2024
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| Initial level: | 4,513.39
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| Barrier level: | 3,159.373; 70% of initial levels
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 7
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17291Q2J2
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