Chicago, Aug. 10 – Citigroup Global Markets Holdings Inc. priced $3.9 million of 0% autocallable barrier securities due July 31, 2028 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par if the level of the index is greater than or equal to its initial level on July 29, 2024 at a premium of 11%.
If the index gains the payout will be par plus 120.13% of the index return. Investors will receive par if the index declines but ends at or above its 80% final barrier and they 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: | Nasdaq-100 index
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| Amount: | $3.9 million
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| Maturity: | July 31, 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 120.13% of the index return; if index declines but finishes at or above its 80% final barrier, par; 1% loss for every 1% that index declines if it finishes below its final barrier
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| Initial level: | 15,464.93
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| Final barrier: | 12,371.944, 80% of initial level
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| Call: | Automatically at par if the level of the index is greater than or equal to its initial level on July 29, 2024 at a premium of 11%
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| Upside leverage: | 120.13%
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| Pricing date: | July 27
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| Settlement date: | July 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17291RY55
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