New York, Dec. 12 – Citigroup Global Markets Holdings Inc. priced $1.5 million of 0% autocallable securities due Dec. 5, 2029 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically with a premium of an 8.5% annual rate if the index closes at or above its initial value on any quarterly review date starting on Dec. 4, 2024.
If the index finishes flat or gains, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the index declines but ends at or above the 90% barrier and lose 1% for every 1% that the index declines if it finishes below its 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: | Autocallable securities
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| Underlying index: | Russell 2000 index
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| Amount: | $1.5 million
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| Maturity: | Dec. 5, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial value, par plus premium for final valuation date; par if index declines but finishes at or above its 90% barrier; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically with a premium of an 8.5% annual rate if the index closes at or above its initial value on any quarterly review date starting on Dec. 4, 2024
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| Initial level: | 1,809.020
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| Final barrier: | 1,628.118, 90% of initial level
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 6
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17291TAH1
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