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Published on 2/6/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $2.48 million index-linked notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 6 – Citigroup Global Markets Holdings Inc. priced $2.48 million of 0% index-linked notes due Feb. 26, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The payout at maturity will be par plus 9% if the index finishes at or above 123% of its initial level. If the index appreciates by less than 23%, the payout will be par plus the index gain.

Investors will receive par if the index return is flat or negative.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Index-linked notes
Underlying index:S&P 500 index
Amount:$2.48 million
Maturity:Feb. 26, 2026
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than 123% of initial index level, par plus 9%; if index appreciates by less than 23%, par plus index return; if return is zero or negative, par
Initial index level:4,924.97
Pricing date:Jan. 30
Settlement date:Feb. 6
Underwriter:Citigroup Global Markets Inc.
Fees:2%
Cusip:17291LHN8

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