Chicago, Feb. 28 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% autocallable barrier securities due Feb. 25, 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 at a premium of 7.15% per year if the level of the index is greater than or equal to its initial level on Feb. 24, 2025 or on the subsequent annual valuation date.
If the index gains, the payout will be par plus 150% of the index return. Investors will receive par if the index declines but ends at or above its 66.5% final barrier and they 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: | $1 million
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| Maturity: | Feb. 25, 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 150% of index return; if index declines but finishes at or above its 66.5% final barrier, par; 1% loss for every 1% that index declines if it finishes below its final barrier
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| Call: | Automatically at a premium of 7.15% per year if the level of the index is greater than or equal to its initial level on Feb. 24, 2025 or on the subsequent annual valuation date
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| Initial level: | 4,981.80
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| Final barrier: | 3,312.897, 66.5% of initial level
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| Upside leverage: | 150%
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| Pricing date: | Feb. 21
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| Settlement date: | Feb. 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17291LMC6
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