Chicago, Feb. 24 – Citigroup Global Markets Holdings Inc. priced $25 million of 0% autocallable securities due Feb. 22, 2027 linked to the worst performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on Feb. 20, 2024 with a premium of a 13% if both indexes close above their initial levels.
If the worst performing index gains the payout at maturity will be par plus 1.35 times the return of that index. Otherwise, investors lose 1% for every 1% that the worst performing index 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 securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $25 million
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| Maturity: | Feb. 22, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 1.35 times return of worst performer; otherwise, 1% loss for every 1% that worst performing index declines
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| Call: | Automatically on Feb. 20, 2024 with a premium of a 13% if the worst performing index closes above its initial value
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| Initial levels: | 33,826.69 for Dow, 4,079.09 for S&P
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 23
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17331CSD0
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