New York, Aug. 31 – Citigroup Global Markets Holdings Inc. priced $2.38 million of 0% autocallable barrier securities due Aug. 21, 2026 linked to the common stock of Kraft Heinz Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically if the closing level of the stock is greater than or equal to its initial level on Aug. 21, 2024 at a premium of 15.25%.
If the stock gains, the payout at maturity will be par plus 200% of the stock return.
Investors will receive par if the stock declines but ends at or above its 75% final barrier. Otherwise, investors will receive a number of shares per security equal to $1,000 divided by the stock’s initial level or, at the issuer’s option, the cash equivalent.
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 stock: | Kraft Heinz Co.
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| Amount: | $2,375,000
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| Maturity: | Aug. 21, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its initial value, par plus 200% of the stock return; if stock declines but finishes at or above its 75% final barrier, par; otherwise, receive 29.70885 shares per security or, at the issuer’s option, the cash equivalent
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| Call: | Automatically if the closing level of the stock is greater than or equal to its initial level on Aug. 21, 2024 at a premium of 15.25%
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| Initial level: | $33.66
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| Final barrier: | $25.245, 75% of initial level
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| Upside leverage: | 200%
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| Pricing date: | Aug. 18
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| Settlement date: | Aug. 23
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.2%
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| Cusip: | 17331AKH3
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