By William Gullotti
Buffalo, N.Y., Jan. 11 – Citigroup Global Markets Holdings Inc. priced $1.38 million of 0% market-linked securities – leveraged upside participation and contingent downside due Aug. 27, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 142% of any index gain.
If the index falls by up to 15%, the payout will be par. Otherwise, investors will be fully exposed to index decline.
The notes are guaranteed by Citigroup Inc.
Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – leveraged upside participation and contingent downside
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,375,000
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| Maturity: | Aug. 27, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 142% of any index gain; if index falls by up to 15%, par; otherwise, full exposure to index decline from initial level
|
| Initial level: | 4,178.08
|
| Barrier level: | 3,551.368; 85% of initial level
|
| Pricing date: | Aug. 24
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| Settlement date: | Aug. 27
|
| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.71%
|
| Cusip: | 17329QJX9
|
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