New York, Jan. 11 – Citigroup Global Markets Holdings Inc. priced $4 million of 0% autocallable barrier securities due Jan. 6, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically if the closing level of the index is greater than or equal to its initial level on Jan. 6, 2025 at a premium of 10%.
If the index gains, the payout at maturity will be par plus 200% of the index return.
Investors will receive par if the index declines but ends at or above its 80% final barrier and will lose 1% for every 1% that the index declines if it finishes below the final 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 barrier securities
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| Underlying index: | S&P 500 index
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| Amount: | $4 million
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| Maturity: | Jan. 6, 2027
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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 200% of the index return; if index declines but finishes at or above its 80% final barrier, par; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically if the closing level of the index is greater than or equal to its initial level on Jan. 6, 2025 at a premium of 10%
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| Initial level: | 4,783.35
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| Final barrier: | 3,826.68, 80% of initial level
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| Upside leverage: | 200%
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| Strike date: | Dec. 28
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| Pricing date: | Dec. 29
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| Settlement date: | Jan. 8
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17291TX94
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