New York, May 18 – Citigroup Global Markets Holdings Inc. priced $8.63 million of 0% autocallable securities due May 1, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus an 11% annualized call premium if the index closes at or above its initial value on any quarterly review date starting on May 1, 2024.
If the index finishes flat or gains, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the index declines but ends at or above the 80% barrier and lose 1% for every 1% that the index declines if it finishes below its barrier.
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 index: | S&P 500 index
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| Amount: | $8,625,000
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| Maturity: | May 1, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial value, par plus premium for final valuation date; par if index declines but finishes at or above its 80% barrier; otherwise, 1% loss for every 1% that index declines from initial level
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| Call: | Automatically at par plus an 11% annualized call premium if the index closes at or above its initial value on any quarterly review date starting on May 1, 2024
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| Initial level: | 4,169.48
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| Final barrier: | 3,335.584, 80% of initial level
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| Pricing date: | April 28
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| Settlement date: | May 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.25%
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| Cusip: | 17331HFF8
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