New York, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% barrier securities due Jan. 6, 2025 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of par plus 18%.
Investors will receive par if the ETF declines but ends at or above the 80% barrier and will lose 1% for every 1% that the ETF declines if it finishes below the barrier.
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: | Barrier securities
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| Underlying ETF: | Invesco QQQ Trust, Series 1
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| Amount: | $2 million
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| Maturity: | Jan. 6, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus 200% of ETF return, subject to a maximum return of par plus 18%; par if ETF declines but finishes at or above the 80% barrier; otherwise, full exposure to decline in ETF
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| Initial level: | $350.87
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| Final barrier: | $280.696, 80% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17291TF94
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