By William Gullotti
Buffalo, N.Y., Aug. 14 – Citigroup Global Markets Holdings Inc. priced $2.29 million of 0% autocallable buffered notes due Aug. 7, 2025 linked to the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a 9% call premium if the index closes at or above the initial index level on Aug. 16, 2024.
If the notes are not called and the index finishes at or above the 89.95% buffer level, the payout at maturity will be the greater of par plus 18% and par plus the return of the index.
Otherwise, investors will lose 1.11173% for every 1% decline of the index beyond 10.05%.
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 buffered notes
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Underlying index: | S&P 500 Equal Weight index
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Amount: | $2,285,000
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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 index finishes at or above buffer level, the greater of par plus 18% and par plus the return of the index; otherwise, 1.11173% loss for every 1% drop beyond 10.05%
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Call: | Automatically at par plus a 9% call premium if index closes at or above initial index level on Aug. 16, 2024
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Initial level: | 6,141.79
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Buffer level: | 5,524.54; 89.95% of initial level
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Pricing date: | Aug. 4
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Settlement date: | Aug. 9
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 17291RWB4
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