By Kiku Steinfeld
Chicago, Nov. 10 – Citigroup Global Markets Holdings Inc. priced $350,000 of autocallable contingent coupon equity linked securities due April 6, 2026 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.75% paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically if the level of the stock is greater than or equal to its initial level on a quarterly valuation date.
If the stock finishes at or above its 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss 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: | Autocallable contingent coupon equity linked securities
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| Underlying stock: | FedEx Corp.
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| Amount: | $350,000
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| Maturity: | April 6, 2026
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| Coupon: | 11.75% paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date
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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: | Automatically if the level of the stock is greater than or equal to its initial level on a quarterly valuation date
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| Initial level: | $231.53
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| Coupon barrier: | $162.071, 70% of initial level
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| Final barrier: | $162.071, 70% of initial level
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| Pricing date: | April 11, 2023
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| Settlement date: | April 14, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17331HJG2
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