Chicago, Aug. 9 – Citigroup Global Markets Holdings Inc. priced $8.05 million of 0% market-linked securities – autocallable with leveraged upside participation and contingent downside – due July 31, 2026 linked to the worst performing of the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called early at par plus 11.6% if the both indexes close above their starting values on July 31, 2024.
At maturity, the payout will be par plus 150% of the return of the worst performer if both indexes finish positive.
Investors will receive par if the worst performer declines but finishes above 75% of its initial value.
Otherwise, investors will be fully exposed to the losses of the worst performer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – autocallable with leveraged upside participation and contingent downside
|
| Underlying indexes: | Nasdaq-100 index and S&P 500 index
|
| Amount: | $8,049,000
|
| Maturity: | July 31, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus 150% of index return; par if worst performer declines but finishes above threshold value; exposure to loss if worst performing index declines beyond threshold value
|
| Call: | At par plus 11.6% if both indexes finish above initial values on July 31, 2024
|
| Initial levels: | 4,566.75 for S&P, 15,499.26 for Nasdaq
|
| Threshold values: | 3,425.0625 for S&P, 11,624.445 for Nasdaq; 75% of initial values
|
| Upside leverage: | 150%
|
| Cap: | None
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
|
| Fees: | 2.575%
|
| Cusip: | 17291RN40
|
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