New York, April 15 – Citigroup Global Markets Holdings Inc. priced $219,000 of market-linked securities – autocallable with contingent coupon and contingent downside due Jan. 24, 2025 linked to CrowdStrike Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a 12% monthly coupon if the stock closes above its 65% coupon threshold on the related observation date.
The notes will be redeemed early at par plus the coupon if the stock closes above its initial level on any quarterly potential autocall date starting after six months.
At maturity, investors will receive par if the stock closes above 65% of its initial level.
Otherwise, investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. and Wells Fargo Securities are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying stock: | CrowdStrike Holdings, Inc.
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| Amount: | $219,000
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| Maturity: | Jan. 24, 2025
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| Coupon: | 12% annual rate, payable monthly if stock closes above coupon threshold on related observation date
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| Price: | Par
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| Payout at maturity: | Par if stock closes above barrier level; otherwise, 1% loss for each 1% decline from initial level
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| Call: | At par plus coupon if stock closes above initial level on any quarterly autocall date starting after six months
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| Initial level: | $290.54
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| Coupon threshold level: | $188.851, 65% of initial level
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| Barrier level: | $188.851, 65% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities
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| Fees: | 1.325%
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| Cusip: | 17291TPH5
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