By Emma Trincal
New York, July 10 – Citigroup Global Markets Holdings Inc. priced $1,110,000 of 0% autocallable barrier securities due Jan. 5, 2026 linked to the Industrial Select Sector SPDR ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 5% if the closing level of the ETF is greater than or equal to its initial level on Jan. 2, 2024.
If the ETF gains, the payout will be par plus 155% of the ETF return.
Investors will receive par if the ETF declines but ends at or above its 75% final barrier, and they will lose 1% for every 1% that the ETF declines if it finishes below the final barrier.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable barrier securities
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| Underlying ETF: | Industrial Select Sector SPDR ETF
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| Amount: | $1,110,000
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| Maturity: | Jan. 5, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its initial value, par plus 155% of the ETF return; if ETF declines but finishes at or above its 75% final barrier, par; 1% loss for every 1% that ETF declines if it finishes below its final barrier
|
| Call: | Automatically if the closing level of the ETF is greater than or equal to its initial level on Jan. 2, 2024 at a premium of 5%
|
| Initial level: | $107.32
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| Final barrier: | $80.49, 75% of initial level
|
| Upside leverage: | 155%
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| Pricing date: | June 30
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| Settlement date: | July 6
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17291RLK6
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