New York, Dec. 19 – Citigroup Global Markets Holdings Inc. priced $2.25 million of autocallable contingent coupon equity linked securities due June 20, 2025 linked to the common stocks of JPMorgan Chase & Co. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% paid quarterly if the worst performing stock closes at or above its 58% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically starting March 14, 2024 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.
If the worst performing stock finishes at or above its 58% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock 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 stocks: | JPMorgan Chase & Co. and Microsoft Corp.
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| Amount: | $2,253,000
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| Maturity: | June 20, 2025
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| Coupon: | 8% paid quarterly if the worst performing stock closes at or above its 58% coupon barrier on the related valuation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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| Call: | Automatically starting March 14, 2024 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
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| Initial levels: | $163.99 for JPMorgan Chase & Co., $365.93 for Microsoft Corp.
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| Coupon barriers: | $95.114 for JPMorgan Chase & Co., $212.239 for Microsoft Corp., 58% of initial levels
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| Final barriers: | $95.114 for JPMorgan Chase & Co., $212.239 for Microsoft Corp., 58% of initial levels
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| Pricing date: | Dec. 14
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| Settlement date: | Dec. 19
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17331ALN9
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