New York, March 20 – Citigroup Global Markets Holdings Inc. priced $1.75 million of autocallable contingent coupon equity linked securities due March 15, 2027 linked to the SPDR Gold Trust and the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.5%, paid monthly, if the worst performing ETF closes at or above its 75% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any monthly valuation date starting Sept. 11, 2024.
If the worst performing ETF finishes at or above its 75% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing ETF declines.
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 ETFs: | SPDR Gold Trust and VanEck Gold Miners ETF
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| Amount: | $1.75 million
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| Maturity: | March 15, 2027
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| Coupon: | 9.5%, paid monthly if the worst performing ETF closes at or above its 75% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Call: | Automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any monthly valuation date starting Sept. 11, 2024
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| Initial levels: | $201.63 for SPDR Gold Trust, $29.64 for VanEck Gold Miners ETF
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| Coupon barriers: | $151.223 for SPDR Gold Trust, $22.230 for VanEck Gold Miners ETF, 75% of initial levels
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| Final barriers: | $151.223 for SPDR Gold Trust, $22.230 for VanEck Gold Miners ETF, 75% of initial levels
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| Strike date: | March 8
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| Pricing date: | March 11
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| Settlement date: | March 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.5%
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| Cusip: | 17291LM85
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