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Published on 4/4/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $12.2 million dual directional trigger PLUS on Euro Stoxx 50

New York, April 4 – Citigroup Global Markets Holdings Inc. priced $12.2 million of 0% dual directional trigger PLUS due July 3, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 16%. Investors will receive a 1% gain for each 1% loss if the index declines but finishes above the 85% principal barrier and they will lose 1% for every 1% decline if the index ends below its principal barrier.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent. Morgan Stanley will act as distributor.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Dual directional trigger PLUS
Underlying index:Euro Stoxx 50 index
Amount:$12,201,000
Maturity:July 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 200% of index return subject to a maximum return of par plus 16%; 1% gain for each 1% loss if index declines but ends above principal barrier; full exposure to loss if index ends below principal barrier
Initial level:5,083.42
Principal barrier:4,320.907, 85% of initial level
Upside leverage:200%
Cap:16%
Pricing date:March 28
Settlement date:April 4
Agent:Citigroup Global Markets Inc.
Distributor:Morgan Stanley
Fees:2.25%
Cusip:17331AXH9

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