By William Gullotti
Buffalo, N.Y., March 14 – Citigroup Global Markets Holdings Inc. priced $2.31 million of 0% autocallable securities due Feb. 24, 2028 tied to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The basket consists of the Stoxx Europe 600 index with a 67.5% weight, the Nikkei 225 index with a 25% weight and the S&P/ASX 200 index with a 7.5% weight.
If the basket closes at or above its initial level on Feb. 20, 2025, the notes will be called at par plus 16%.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 200% of the return of the basket.
If the basket finishes below its initial level but not below the barrier level, 70% of the initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the basket from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying indexes: | Stoxx Europe 600 index (67.5% weight), Nikkei 225 index (25% weight), S&P/ASX 200 index (7.5% weight)
|
| Amount: | $2,313,000
|
| Maturity: | Feb. 24, 2028
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes at or above its initial level, par plus 200% of the return of the basket; if the basket finishes below its initial level but not below the barrier level, par; otherwise, investors will lose 1% for each 1% decline of the basket from its initial level
|
| Call: | If the basket closes at or above its initial level on Feb. 20, 2025, the notes will be called at par plus 16%
|
| Initial levels: | 491.59 for Stoxx Europe, 38,487.24 for Nikkei, 7,658.317 for S&P/ASX
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| Barrier level: | 70% of initial level
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| Strike date: | Feb. 16
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| Pricing date: | Feb. 20
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| Settlement date: | Feb. 23
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.45%
|
| Cusip: | 17291LE84
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