New York, May 30 – Citigroup Global Markets Holdings Inc. priced $5.94 million of autocallable contingent coupon equity linked securities due May 25, 2028 linked to the Dow Jones industrial average and S&P 500 Dynamic Participation index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.3% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically starting May 22, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date.
The payout at maturity will be par if the worst performing index gains or declines by no more than its 15% buffer. Otherwise investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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 contingent coupon equity linked securities
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Underlying indexes: | Dow Jones industrial average and S&P 500 Dynamic Participation index
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Amount: | $5,938,000
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Maturity: | May 25, 2028
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Coupon: | 8.3% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If worst performing index gains or declines by no more than 15% buffer par; 1% loss for every 1% that worst performing index declines beyond buffer
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Call: | Automatically starting May 22, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date
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Initial levels: | 33,286.58 for Dow Jones industrial average, 697.25 for S&P 500 Dynamic Participation index
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Coupon barriers: | 23,300.606 for Dow Jones industrial average, 488.075 for S&P 500 Dynamic Participation index, 70% of initial levels
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Buffer: | 15%
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Buffer levels: | 28,293.593 for Dow Jones industrial average, 592.663 for S&P 500 Dynamic Participation index, 85% of initial levels
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Pricing date: | May 22
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Settlement date: | May 25
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Agent: | Citigroup Global Markets Inc.
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Fees: | 4%
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Cusip: | 17331HNU6
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