New York, Feb. 26 – Citigroup Global Markets Holdings Inc. priced $23.27 million of 0% autocallable securities due March 2, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on Feb. 27, 2025 with a premium of a 8.55% annual rate if the index closes above its initial value on any quarterly review date.
If the index gains the payout at maturity will be par plus the premium for the final valuation date. Investors will receive par if the index but ends above the 85% barrier and lose 1% for every 1% that the index declines if it finishes below its barrier.
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 index: | S&P 500 index
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| Amount: | $23.27 million
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| Maturity: | March 2, 2029
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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 premium for final valuation date; par if index declines but finishes at or above its 85% barrier; otherwise 1% loss for every 1% that index declines
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| Call: | Automatically starting on Feb. 27, 2025 with a premium of a 8.55% annual rate if the index closes above its initial value on any quarterly review date
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| Initial level: | 4,975.51
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| Final barrier: | 4,229.1835, 85% of initial level
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| Pricing date: | Feb. 20
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| Settlement date: | Feb. 23
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17291LDU6
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