Chicago, Nov. 17 – Citigroup Global Markets Holdings Inc. priced $2.51 million of autocallable contingent coupon equity-linked securities due Oct. 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.3% paid monthly if the index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically at par starting Oct. 28, 2024 if the level of the index is greater than or equal to its initial level and on any subsequent quarterly valuation date.
The payout at maturity will be par if the index gains or declines by no more than its 20% buffer. Otherwise, investors will lose 1% for every 1% that the 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 index: | S&P 500 index
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Amount: | $2.51 million
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Maturity: | Oct. 30, 2025
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Coupon: | 8.3% annual rate, paid monthly 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 gains or declines by no more than 20% buffer par; 1% loss for every 1% that index declines beyond buffer
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Call: | Automatically at par starting Oct. 28, 2024 if the level of the index is greater than or equal to its initial level and on any subsequent quarterly valuation date
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Initial level: | 4,186.77
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Coupon barrier: | 3,349.416, 80% of initial level
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Buffer level: | 3,349.416, 80% of initial level
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Buffer: | 20%
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.4%
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Cusip: | 17291TFN3
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