New York, Jan. 8 – Citigroup Global Markets Holdings Inc. priced $1.65 million of 0% barrier digital securities due March 5, 2025 linked to the common stock of Snowflake Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes flat or gains, the payout at maturity will be par plus 31.5%.
Investors will receive par if the stock declines but ends at or above the 75% barrier and will lose 1% for every 1% that the stock declines if it finishes below the 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: | Barrier digital securities
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| Underlying stock: | Snowflake Inc.
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| Amount: | $1.65 million
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| Maturity: | March 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes flat or gains, par plus 31.5%; par if stock declines but finishes at or above the 75% barrier; otherwise, full exposure to decline in stock
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| Initial level: | $201.23
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| Final barrier: | $150.923, 75% of initial level
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| Pricing date: | Dec. 28
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| Settlement date: | Jan. 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17291TTL2
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