By William Gullotti
Buffalo, N.Y., Feb. 9 – Citigroup Global Markets Holdings Inc. priced $7.82 million of 0% market-linked securities – autocallable with leveraged upside participation and contingent downside due Jan. 5, 2026 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 par plus a 13% call premium if the index closes at or above its initial level on Jan. 4, 2024.
The payout at maturity will be par plus 150% of any index gain.
If the index falls by up to 30%, 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 – autocallable with leveraged upside participation and contingent downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,815,000
|
| Maturity: | Jan. 5, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any index gain; if index falls by up to 30%, par; otherwise, full exposure to index decline from initial level
|
| Call: | Automatically at par plus a 13% call premium if the index closes at or above initial level on Jan. 4, 2024
|
| Initial level: | 3,849.28
|
| Barrier level: | 2,694.496; 70% of initial level
|
| Pricing date: | Dec. 29
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| Settlement date: | Jan. 4
|
| Agents: | Wells Fargo Securities LLC and Citigroup Global Markets Inc.
|
| Fees: | 2.425%
|
| Cusip: | 17330YRN2
|
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