New York, April 13 – Citigroup Global Markets Holdings Inc. priced $20 million of 0% autocallable securities due April 8, 2027 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on April 5, 2024 with a premium of a 13% annual rate if the worst performing index closes above its initial value.
If the worst performing index gains the payout at maturity will be par plus 150% of the worst performing index return. Otherwise investors will lose 1% for every 1% that the worst performing index 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 securities
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $20 million
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| Maturity: | April 8, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 150% of worst performing index return; otherwise 1% loss for every 1% that worst performing index declines
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| Call: | Automatically on April 5, 2024 with a premium of a 13% annual rate if the worst performing index closes above its initial value
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| Initial levels: | 33,482.72 for Dow Jones industrial average, 4,090.38 for S&P 500 index
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| Upside leverage: | 150%
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| Pricing date: | April 5
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| Settlement date: | April 11
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.75%
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| Cusip: | 17331HUY0
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