New York, March 19 – Citigroup Global Markets Holdings Inc. priced $300,000 of callable contingent coupon equity linked securities due Jan. 3, 2025 linked to the common stock of DaVita Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.3% paid monthly if the stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities may be called starting July 1, 2024 at par and on any subsequent monthly review date.
The payout at maturity will be par if the stock ends at or above its 50% final barrier. Otherwise investors will lose 1% for every 1% that the 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: | Callable contingent coupon equity linked securities
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| Underlying stock: | DaVita Inc.
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| Amount: | $300,000
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| Maturity: | Jan. 3, 2025
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| Coupon: | 8.3% paid monthly if the stock closes at or above its 60% 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 stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
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| Call: | Starting July 1, 2024 at par and on any subsequent monthly review date
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| Initial level: | $97.08
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| Coupon barrier: | $58.248, 60% of initial level
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| Final barrier: | $48.54, 50% of initial level
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| Pricing date: | June 30, 2023
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| Settlement date: | July 6, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.55%
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| Cusip: | 17291RK84
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