By Cady Vishniac
Detroit, Jan. 5 – Citigroup Global Markets Holdings Inc. priced $555,000 of 0% autocallable securities due Dec. 26, 2025 linked to the lesser performing of the Dow Jones Industrial Average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a premium of 6% per year if the lesser-performing index finishes above its initial level on any annual valuation date.
If both indexes finish above their initial levels, the payout at maturity will be par plus the 30% premium due.
If either index is flat or declines, but not below its final barrier level, 60% of its initial level, payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| 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 indexes: | Dow Jones Industrial Average and Nasdaq-100 index
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| Amount: | $555,000
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| Maturity: | Dec. 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both indexes finish above final barrier levels, par plus the 30% premium due; if either index is flat or finishes below initial level but above 60% final barrier level, par; otherwise, 1% loss for each 1% decline of the lesser-performing index from its initial level
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| Call: | At par plus 6% per year on any annual valuation date
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| Initial levels: | 30,216.45 for Dow and 12,690.26 for Nasdaq
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| Final barrier levels: | 18,129.870 for Dow and 7,614.156 for Nasdaq, 60% of initial levels
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17328Y4D3
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