New York, July 25 – Citigroup Global Markets Holdings Inc. priced $659,000 of autocallable contingent coupon equity linked securities due Jan. 24, 2025 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.05%, paid monthly, if the stock closes at or above its 50% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the stock is greater than or equal to its initial level on any monthly valuation date starting Jan. 19, 2024.
If the stock finishes at or above its 50% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss 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: | Autocallable contingent coupon equity linked securities
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| Underlying stock: | Nvidia Corp.
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| Amount: | $659,000
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| Maturity: | Jan. 24, 2025
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| Coupon: | 10.05%, paid monthly if the stock closes at or above its 50% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, 1% loss for every 1% that stock declines from initial level
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| Call: | Automatically at par if the closing level of the stock is greater than or equal to its initial level on any monthly valuation date starting Jan. 19, 2024
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| Initial level: | $470.77
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| Coupon barrier: | $235.385, 50% of initial level
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| Final barrier: | $235.385, 50% of initial level
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| Pricing date: | July 19
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| Settlement date: | July 24
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.225%
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| Cusip: | 17291RKR2
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