New York, March 6 – Citigroup Global Markets Holdings Inc. priced $1.55 million of 0% autocallable buffer securities due Sept. 3, 2025 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 premium of 10% if the index closes at or above its initial value on Feb. 28, 2024.
If the index gains, the payout will be par plus 125% of its return.
Investors will receive par if the index declines by no more than 30% and will lose 1% for every 1% that the index declines beyond 30%.
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 buffer securities
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| Underlying index: | S&P 500 index
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| Amount: | $1,547,000
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| Maturity: | Sept. 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial value, par plus 125% of its return; par if index declines but finishes at or above its 70% buffer level; otherwise, 1% loss for every 1% that index declines beyond 30%
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| Call: | Automatically at par plus a premium of 10% if the index closes at or above its initial value on Feb. 28, 2024
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| Initial level: | 3,970.15
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| Upside leverage: | 125%
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| Buffer: | 30%
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| Buffer level: | 2,779.105, 70% of initial level
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17331CPS0
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