New York, Sept. 22 – Citigroup Global Markets Holdings Inc. priced $5.45 million of autocallable contingent coupon equity linked securities due Sept. 21, 2028 linked to the Dow Jones industrial average and S&P 500 Dynamic Participation index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% paid monthly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically starting Sept. 18, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent quarterly valuation date.
The payout at maturity will be par if the worst performing index gains or declines by no more than its 15% buffer. Otherwise investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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 contingent coupon equity linked securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 Dynamic Participation index
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| Amount: | $5,451,000
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| Maturity: | Sept. 21, 2028
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| Coupon: | 8% paid monthly if the worst performing index closes at or above its 75% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index gains or declines by no more than 15% buffer par; 1% loss for every 1% that worst performing index declines beyond buffer
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| Call: | Automatically starting Sept. 18, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent quarterly valuation date
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| Initial levels: | 34,624.30 for Dow Jones industrial average, 748.71 for S&P 500 Dynamic Participation index
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| Coupon barriers: | 25,968.225 for Dow Jones industrial average, 561.533 for S&P 500 Dynamic Participation index, 75% of initial levels
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| Buffer: | 15%
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| Buffer levels: | 29,430.655 for Dow Jones industrial average, 636.404 for S&P 500 Dynamic Participation index, 85% of initial levels
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| Pricing date: | Sept. 18
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| Settlement date: | Sept. 21
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.65%
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| Cusip: | 17291QLR3
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