New York, Jan. 3 – Citigroup Global Markets Holdings Inc. priced $250,000 of autocallable contingent coupon equity linked securities due May 1, 2026 linked to the common stock of Halliburton Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.5% paid quarterly if the stock closes at or above its 60% coupon barrier on the related valuation date.
Starting July 28, 2023, the securities will be called automatically if the stock closes at or above its initial share price on any quarterly valuation date.
If the 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 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: | Halliburton Co.
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| Amount: | $250,000
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| Maturity: | May 1, 2026
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| Coupon: | 15.5% paid quarterly if the stock closes at or above its 60% 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: | Starting July 28, 2023, automatically at par if the stock closes at or above its initial share price on any quarterly valuation date
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| Initial share price: | $32.75
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| Coupon barrier: | $19.65, 60% of initial share price
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| Final barrier: | $19.65, 60% of initial share price
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| Pricing date: | April 28, 2023
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| Settlement date: | May 3, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17331HFL5
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