Chicago, Aug. 15 – Citigroup Global Markets Holdings Inc. priced $5.87 million of autocallable contingent coupon equity-linked securities due Aug. 31, 2023 linked to the common stock of Blackstone Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16% paid monthly if the stock closes at or above its 62% coupon barrier on the related valuation date.
The securities will be called automatically starting Jan. 26, 2023 if the level of the stock is greater than or equal to its initial level and on any subsequent monthly review date.
The payout at maturity will be par if the stock ends at or above its 62% final barrier. Otherwise, investors will lose 1% for every 1% that the stock declines, payable in shares or cash at the issuer’s option.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying stock: | Blackstone Inc.
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| Amount: | $5,868,000
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| Maturity: | Aug. 31, 2023
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| Coupon: | 16% annual rate, paid monthly if the stock closes at or above its 62% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
|
| Call: | Automatically at par starting Jan. 26, 2023 if the level of the stock is greater than or equal to its initial level and on any subsequent monthly review date
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| Initial level: | $93.60
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| Coupon barrier: | $58.032, 62% of initial level
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| Final barrier: | $58.032, 62% of initial level
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| Pricing date: | July 26
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| Settlement date: | July 29
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.15%
|
| Cusip: | 17330DGW0
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