New York, Feb. 21 – Citigroup Global Markets Holdings Inc. priced $1.4 million of callable contingent coupon equity linked securities due Feb. 19, 2026 linked to the common stock of International Business Machines Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.75% paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities may be called starting Aug. 13, 2024 at par and on any subsequent quarterly review date.
The payout at maturity will be par if the stock ends at or above its 70% final barrier. Otherwise investors will lose 1% 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: | Callable contingent coupon equity linked securities
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Underlying stock: | International Business Machines Corp.
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Amount: | $1.4 million
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Maturity: | Feb. 19, 2026
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Coupon: | 7.75% paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date, plus any previously unpaid coupons
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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: | Starting Aug. 13, 2024 at par and on any subsequent quarterly review date
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Initial level: | $183.70
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Coupon barrier: | $128.59, 70% of initial level
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Final barrier: | $128.59, 70% of initial level
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Pricing date: | Feb. 13
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Settlement date: | Feb. 16
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.75%
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Cusip: | 17331ASK8
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