New York, April 5 – Citigroup Global Markets Holdings Inc. priced $1.32 million of 0% autocallable securities due March 30, 2028 linked to the Dow Jones industrial average and the S&P 500 Dynamic Participation index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus a 10.5% annualized premium if the worst performing index closes at or above its initial value on any monthly review date starting on March 27, 2024.
If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing index declines by no more than 15% and will lose 1% for every 1% that the worst performing index declines beyond 15%.
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 securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 Dynamic Participation index
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| Amount: | $1.32 million
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| Maturity: | March 30, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above initial level, par plus premium for final valuation date; par if worst performing index declines but finishes at or above its 85% buffer; otherwise, 1% loss for every 1% that worst performing index declines beyond the buffer
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| Call: | Automatically at par plus a 10.5% annualized premium if the worst performing index closes at or above its initial value on any monthly review date starting on March 27, 2024
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| Initial levels: | 32,432.08 for Dow Jones industrial average, 645.38 for S&P 500 Dynamic Participation index
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| Buffer: | 15%
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| Buffer level: | 27,567.268 for Dow Jones industrial average, 548.573 for S&P 500 Dynamic Participation index, 85% of initial level
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| Pricing date: | March 27
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| Settlement date: | March 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4%
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| Cusip: | 17331H6L5
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