New York, Jan. 4 – Citigroup Global Markets Holdings Inc. priced $1.62 million of autocallable contingent coupon equity linked securities due Dec. 31, 2025 linked to the common stock of Advance Auto Parts, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 19% paid monthly if the stock closes at or above its 65% coupon barrier on the related valuation date.
The securities will be called automatically starting March 27, 2024 and on any subsequent monthly valuation date.
If the stock finishes at or above its 55% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines.
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: | Advance Auto Parts, Inc.
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| Amount: | $1.62 million
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| Maturity: | Dec. 31, 2025
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| Coupon: | 19% paid monthly if the stock closes at or above its 65% 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 final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
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| Call: | Automatically starting March 27, 2024 and on any subsequent monthly valuation date
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| Initial level: | $61.56
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| Coupon barrier: | $40.014, 65% of initial level
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| Final barrier: | $33.858, 55% of initial level
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 29
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.7%
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| Cusip: | 17291TRS9
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