Chicago, March 18 – Citigroup Global Markets Holdings Inc. priced $3.26 million of 0% autocallable securities due March 6, 2028 linked to the worst performing of the common stocks of Advanced Micro Devices, Inc., Alphabet Inc. and Intel Corp., according to a 424B2 filing with the Securities and Exchange Commission.
A stock will knock in if it closes above 90% of its initial level on any monthly valuation date starting after one year at least once.
The securities will be called automatically starting March 4, 2025 and on any subsequent monthly review date if all three stocks have become a knocked-in underlying. The call premium is an annualized 25%.
The maturity date premium is 100%.
If at least one stock never closed above 90% of its initial level on any of the monthly interim valuation dates, but all three close above the 60% barrier level, investors will receive par. Otherwise investors lose 1% for every 1% that the worst performing stock declines.
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 stocks: | Advanced Micro Devices, Inc., Alphabet Inc. and Intel Corp.
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| Amount: | $3,263,000
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| Maturity: | March 6, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 100% if called; if not called because all three stocks have not closed above the 90% knock-in level on any monthly interim valuation date starting after one year but all three finish above their barrier levels, par; otherwise 1% loss for every 1% that worst performing stock declines
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| Call: | Automatically at par plus 25% annualized premium starting March 4, 2025 and on any subsequent monthly review date if all three stocks have closed above the 90% knock-in level on at least one monthly interim valuation date
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| Initial levels: | $202.64 for AMD, $138.08 for Alphabet, $43.82 for Intel
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| Knock-in levels: | $182.376 for AMD, $124.272 for Alphabet, $39.438 for Intel; 90% of initial levels
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| Barrier levels: | $121.584 for AMD, $82.848 for Alphabet, $26.292 for Intel; 60% of initial levels
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| Pricing date: | March 1
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| Settlement date: | March 6
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17291LXL4
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