Chicago, Dec. 4 – Citigroup Global Markets Holdings Inc. priced $1.37 million of 0% autocallable securities due Dec. 2, 2026 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on Nov. 27, 2024 with a premium of a 15.5% annual rate if the index closes above its initial value.
If the index gains the payout at maturity will be par plus 125% of the index return. If the index declines but finishes above the 70% trigger level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable securities
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $1,365,000
|
| Maturity: | Dec. 2, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial value, par plus 125% of index return; par if index declines but finishes above trigger level; otherwise, 1% loss for every 1% that index declines
|
| Call: | Automatically on Nov. 27, 2024 with a premium of a 15.5% annual rate if the index closes above its initial value
|
| Initial level: | 404.84
|
| Trigger level: | 283.388, 70% of initial level
|
| Upside leverage: | 125%
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3%
|
| Cusip: | 17291TGF9
|
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