New York, Sept. 12 – Citigroup Global Markets Holdings Inc. priced $1.09 million of autocallable contingent coupon equity linked securities due Oct. 10, 2024 linked to the common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.9% paid monthly if the stock closes at or above its 78% coupon barrier on the related valuation date.
The securities will be called automatically starting March 7, 2024 if the level of the stock is greater than or equal to its initial level on any monthly valuation date.
If the stock finishes at or above its 78% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines, with the payment made in cash or stock at the issuer's option.
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 stock: | Alphabet Inc.
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| Amount: | $1,091,000
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| Maturity: | Oct. 10, 2024
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| Coupon: | 11.9% paid monthly if the stock closes at or above its 78% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier, payable in cash or stock
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| Call: | Automatically starting March 7, 2024 if the level of the stock is greater than or equal to its initial level on any monthly valuation date
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| Initial level: | $136.20
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| Coupon barrier: | $106.236, 78% of initial level
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| Final barrier: | $106.236, 78% of initial level
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| Pricing date: | Sept. 7
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| Settlement date: | Sept. 12
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.15%
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| Cusip: | 17331AKU4
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