By Angela McDaniels
Tacoma, Wash., Aug. 7 – Citigroup Global Markets Holdings Inc. priced $12.87 million of 0% autocallable index-linked notes due Aug. 5, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Beginning Aug. 8, 2024, the notes will be automatically called at par plus 8.2% per year if the index closes at or above its initial level on any quarterly call observation date.
If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be par plus 24.6%. Otherwise, investors will be exposed to the index’s decline from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $12,871,000
|
| Maturity: | Aug. 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Beginning Aug. 8, 2024, automatically at par plus 8.2% per year if index closes at or above initial level on any quarterly call observation date
|
| Payout at maturity: | If final index level is greater than or equal to 90% of initial index level, par plus 24.6%; otherwise, exposure to index’s decline from initial level
|
| Initial level: | 4,576.73
|
| Downside threshold: | 90% of initial level
|
| Pricing date: | Aug. 1
|
| Settlement date: | Aug. 8
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17291RZ39
|
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