Chicago, March 18 – Citigroup Global Markets Holdings Inc. priced $2.66 million of 0% autocallable securities due March 6, 2028 linked to the common stocks of worst performing of Adobe Inc., Advanced Micro Devices, Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The return of the note will be based on whether each single stock knocks in on any monthly interim valuation date starting after one year.
To knock in, a stock needs to close at least once above 85% of its initial level on one of those monthly dates.
If all three stocks have knocked in, the securities will be called automatically at par plus an annualized 23.15% premium starting March 4, 2025 and on any subsequent monthly review date, including the maturity date when the premium would be 92.6002%.
If any of the three stocks did not knock in, the payout at maturity will be par if all three stocks close above the 60% downside barrier.
Otherwise, investors will be fully exposed to the losses of the worst performer.
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: | Adobe Inc., Advanced Micro Devices, Inc. and Netflix, Inc.
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| Amount: | $2,658,000
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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 92.6002% if all three stocks have closed above 85% knock-in level on at least one monthly valuation date; if at least one stock has not closed above 85% knock-in level on any monthly valuation date but all three stocks close above downside barrier, par; otherwise, investors will be fully exposed to the losses of the worst performer
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| Call: | Automatically at par plus 23.15% annualized premium starting March 4, 2025 and on any subsequent monthly valuation date if all three stocks have closed above their 85% knock-in level on at least one monthly valuation date
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| Initial levels: | $570.93 for Adobe, $202.64 for AMD, $619.34 for Netflix
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| Knock-in levels: | $485.291 for Adobe, $172.244 for AMD, $485.291 for Netflix; 85% of initial levels
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| Downside barrier levels: | $342.558 for Adobe, $121.584 for AMD, $342.558 for Netflix; 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: | 17291LTU9
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