New York, Dec. 22 – Citigroup Global Markets Holdings Inc. priced $472,000 of 0% dual directional buffer securities due May 1, 2026 linked to the Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 120% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 85% buffer level.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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: | Dual directional buffer securities
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| Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $472,000
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| Maturity: | May 1, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 120% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above 85% buffer level; 1% loss for every 1% that worst performing index declines beyond buffer
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| Upside leverage: | 120%
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| Cap: | None
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| Buffer: | 15%
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| Initial levels: | 34,098.16 for Dow Jones industrial average, 13,245.99 for Nasdaq-100 index
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| Buffer levels: | 28,983.436 for Dow Jones industrial average, 11,259.092 for Nasdaq-100 index, 85% of initial level
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| Call: | Non-callable
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| Pricing date: | April 28
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| Settlement date: | May 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.2%
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| Cusip: | 17331HAY2
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