New York, Nov. 21 – Citigroup Global Markets Holdings Inc. priced $2.16 million of autocallable contingent coupon equity linked securities due Dec. 19, 2024 linked to the common stock of Meta Platforms, Inc., according to a 424B8 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid monthly, if the stock closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the stock is greater than or equal to its initial level on any monthly valuation date starting May 14, 2024.
The payout at maturity will be par if the stock finishes at or above 75% of initial level.
Otherwise, investors will receive a cash payment at 25% of par plus 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 value of those shares.
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 stock: | Meta Platforms, Inc.
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| Amount: | $2,161,000
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| Maturity: | Dec. 19, 2024
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| Coupon: | 8%, paid monthly if the stock 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 stock finishes at or above 75% of initial level, par; otherwise, receive 25% of par plus 2.97345 shares per security or, at the issuer’s option, the cash value of those shares
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| Call: | Automatically at par if the closing level of the stock is greater than or equal to its initial level on any monthly valuation date starting May 14, 2024
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| Initial level: | $336.31
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| Coupon barrier: | $252.233, 75% of initial level
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| Buffer: | 25%
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| Buffer level: | $252.233, 75% of initial level
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| Pricing date: | Nov. 14
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| Settlement date: | Nov. 17
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.15%
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| Cusip: | 17331ASC6
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