By Kiku Steinfeld
Chicago, Aug. 30 – Citigroup Global Markets Holdings Inc. priced $3.75 million of 0% market-linked autocallable securities with contingent downside due Jan. 27, 2025 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a 17.75% annualized call premium if the ETF closes at or above the initial level on any annual observation date.
The payout at maturity will be par plus 53.25% unless the ETF falls by more than 30%, in which case investors will loss 1% for each 1% decline of the ETF from its initial level.
Citigroup Global Markets Inc. is the lead agent, and Wells Fargo Securities, LLC is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – autocallable with contingent downside
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| Underlying ETF: | KraneShares CSI China Internet ETF
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| Amount: | $3,753,000
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| Maturity: | Jan. 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 53.25% unless ETF finishes below final barrier level, in which case 1% loss per 1% decline of ETF from initial level
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| Call: | Par plus a 17.75% annualized call premium if the ETF closes at or above the initial level on any annual observation date.
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| Initial level: | $36.81
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| Barrier level: | $25.767, 70% of initial level
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| Pricing date: | Jan. 21
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| Settlement date: | Jan. 26
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
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| Fees: | 2.425%
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| Cusip: | 17330A4L3
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