New York, Dec. 22 – Citigroup Global Markets Holdings Inc. priced $989,000 of 6.2% callable equity linked securities due May 1, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or declines but ends above its 60% downside threshold, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the index declines if it finishes below its downside threshold level.
The securities may be called starting in May 2024 at par and on any subsequent quarterly review date.
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: | Callable equity linked securities
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| Underlying index: | S&P 500 index
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| Amount: | $989,000
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| Maturity: | May 1, 2026
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| Coupon: | 6.2%
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| Price: | Par
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| Payout at maturity: | Par if index finishes at or above its downside threshold level; otherwise 1% loss for every 1% that index declines
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| Call: | Starting in May 2024 at par and on any subsequent quarterly review date
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| Initial level: | 4,169.48
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| Downside threshold: | 2,501.688, 60% of initial level
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| Pricing date: | April 28
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| Settlement date: | May 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17331HHS8
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