By William Gullotti
Buffalo, N.Y., Aug. 21 – Citigroup Global Markets Holdings Inc. priced $2.22 million of 0% buffered autocallable securities due Aug. 3, 2028 linked to the S&P 500 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 19% call premium if the index closes at or above its call level, 95% of its initial level, on July 31, 2025.
If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus 1.15 times the index gain.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% of index decline beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Buffered autocallable securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,221,000
|
| Maturity: | Aug. 3, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.15 times any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% of index decline beyond 20%
|
| Call: | Automatically at par plus a 19% call premium if the index closes at or above its call level on July 31, 2025
|
| Initial level: | 4,588.96
|
| Call level: | 4,359.512; 95% of initial level
|
| Buffer level: | 3,671.168; 80% of initial level
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 17291RTF9
|
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