Chicago, Aug. 24 – Citigroup Global Markets Holdings Inc. priced $467,000 of 0% dual directional barrier securities due Jan. 22, 2027 linked to the SPDR S&P 500 ETF Trust and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier’s final level is greater than its initial level, the payout at maturity will be par plus the least performing underlier’s return, capped at par plus 58.15%.
If the least performing underlier’s final level is less than or equal to its initial level but greater than or equal to its final barrier level, 70% of its initial level, the payout will be par plus the absolute value of that underlier’s return.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
The notes are guaranteed by Citigroup Inc.
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: | Dual directional barrier securities
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| Underlying assets: | SPDR S&P 500 ETF Trust and Dow Jones industrial average
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| Amount: | $467,000
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| Maturity: | Jan. 22, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each underlier’s final level is greater than or equal to initial level, par plus the least performing underlier’s return, capped at par plus 58.15%; if the least performing underlier’s final level is less than initial level but greater than or equal to final barrier level, par plus absolute value of that underlier’s return; otherwise, 1% loss for every 1% that the worst performer declines from initial level
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| Initial levels: | $451.75 for ETF, 35,028.65 for Dow
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| Final barrier levels: | $316.225 for ETF, 24,520.055 for Stoxx; 70% of initial index level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17330ABA9
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