By Kiku Steinfeld
Chicago, April 24 – Citigroup Global Markets Holdings Inc. priced $184,000 of 0% dual directional barrier securities due Jan. 25, 2024 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 102% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 85% final barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
The securities are non-callable.
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: | Dual directional barrier securities
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $184,000
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Maturity: | Jan. 25, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 102% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but ends above final barrier; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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Upside leverage: | 102%
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Cap: | None
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Final barriers: | 1,490.973 for Russell, 3,249.032 for S&P, 85% of initial level
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Call: | Non-callable
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Initial levels: | 1,754.086 for Russell, 3,822.39 for S&P
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1%
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Cusip: | 17330YE97
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