By Kiku Steinfeld
Chicago, March 4 – Citigroup Global Markets Holdings Inc. priced $690,000 of autocallable contingent coupon equity linked securities due July 1, 2026 linked to the common stocks of Dollar General Corp. and U.S. Bancorp, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.65% paid quarterly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par and on any subsequent quarterly valuation date if each stock closes at or above 90% of its initial level.
If the worst performing stock finishes at or above its 60% 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: | Dollar General Corp. and U.S. Bancorp
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| Amount: | $690,000
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| Maturity: | July 1, 2026
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| Coupon: | 17.65% paid quarterly if the worst performing 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 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 at par and on any subsequent quarterly valuation date if each stock closes at or above 90% of its initial level
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| Initial levels: | $167.69 for Dollar, $32.32 for Bancorp
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| Coupon barriers: | $100.614 for Dollar, $19.392 for Bancorp, 60% of initial levels
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| Final barriers: | $100.614 for Dollar, $19.392 for Bancorp, 60% of initial levels
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| Pricing date: | June 26, 2023
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| Settlement date: | June 29, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17291RCF7
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