By William Gullotti
Buffalo, N.Y., Nov. 27 – Citigroup Global Markets Holdings Inc. priced $1.96 million of 0% market-linked securities – contingent fixed return and contingent downside due Dec. 3, 2024 linked to the stock performance of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 13% if the stock finishes at or above its 65% barrier.
Otherwise, investors will be fully exposed to stock decline.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – contingent fixed return and contingent downside
|
| Underlying stock: | Meta Platforms, Inc.
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| Amount: | $1,955,000
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| Maturity: | Dec. 3, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above barrier level, par plus 13%; otherwise, full exposure to stock decline from initial level
|
| Initial level: | $335.04
|
| Barrier level: | $217.776; 65% of initial level
|
| Pricing date: | Nov. 17
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| Settlement date: | Nov. 22
|
| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 1.825%
|
| Cusip: | 17291TFK9
|
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