Chicago, Sept. 12 – Citigroup Global Markets Holdings Inc. priced $25 million of callable contingent coupon equity linked securities due Sept. 3, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.5% paid quarterly if the index closes at or above its 80% coupon barrier on the related valuation date.
The securities may be called starting Feb. 28, 2024 at par and on any subsequent quarterly review date.
The payout at maturity will be par if the index ends at or above its 80% final barrier. Otherwise, investors will lose 1% for every 1% that the index declines.
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: | Callable contingent coupon equity linked securities
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Underlying index: | Nasdaq-100 index
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Amount: | $25 million
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Maturity: | Sept. 3, 2024
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Coupon: | 9.5% annual rate, paid quarterly if the index closes at or above its 80% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
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Call: | Starting Feb. 28, 2024 at par and on any subsequent quarterly review date
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Initial level: | 15,052.46
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Coupon barrier: | 12,041.968, 80% of initial level
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Final barrier: | 12,041.968, 80% of initial level
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17291QG81
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