Chicago, Feb. 23 – Citigroup Global Markets Holdings Inc. priced $11,000 of 0% contingent barrier notes due Jan. 29, 2025 linked to Eli Lilly and Co. stock, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any stock gain up to a maximum payout of par plus 32.875%. If the stock declines but not below the 80% barrier price, the payout will be par. Otherwise, investors will be fully exposed to the decline of the stock.
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: | Contingent barrier notes
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| Underlying stock: | Eli Lilly and Co.
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| Amount: | $11,000
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| Maturity: | Jan. 29, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any stock gain up to par plus 32.875%; par if stock falls but not below barrier level; otherwise, full exposure to decline
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| Initial share price: | $642.92
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| Barrier level: | $328.75; 80% of initial level
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| Strike date: | Jan. 12
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| Pricing date: | Jan. 16
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| Settlement date: | Jan. 19
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17291TY85
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