New York, Sept. 8 – Citigroup Global Markets Holdings Inc. priced $1.56 million of 0% autocallable securities due Sept. 7, 2027 linked to the Nasdaq-100 index and the SPDR S&P Homebuilders ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically with a premium of a 14% annual rate if the worst performing asset closes at or above 90% of its initial value on any quarterly review date starting on Sept. 4, 2024.
If the worst performing asset finishes at or above its 90% call threshold, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing asset finishes below its 90% call threshold but at or above the 60% barrier.
Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from initial level.
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 assets: | Nasdaq-100 index and SPDR S&P Homebuilders ETF
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| Amount: | $1,559,000
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| Maturity: | Sept. 7, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its 90% call threshold, par plus premium for final valuation date; par if worst performing asset finishes below its call threshold but at or above its 60% barrier; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Call: | Automatically with a premium of a 14% annual rate if the worst performing asset closes at or above 90% of its initial value on any quarterly review date starting on Sept. 4, 2024
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| Initial levels: | 15,490.86 for Nasdaq-100 index, $84.26 for SPDR S&P Homebuilders ETF
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| Call threshold: | 90%
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| Trigger values: | 9,294.516 for Nasdaq-100 index, $50.556 for SPDR S&P Homebuilders ETF, 60% of initial level
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| Pricing date: | Sept. 1
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| Settlement date: | Sept. 7
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17291QDC5
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