Chicago, Feb. 2 – Citigroup Global Markets Holdings Inc. priced $403,000 of autocallable contingent coupon equity-linked securities due May 14, 2026 linked to the common stock of Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.5% paid quarterly if the stock closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically at par if the level of the stock is greater than or equal to its initial level 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying stock: | Valero Energy Corp.
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| Amount: | $403,000
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| Maturity: | May 14, 2026
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| Coupon: | 14.5% annual rate, paid quarterly if the stock closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| 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 if the level of the stock is greater than or equal to its initial level on any quarterly valuation date
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| Initial level: | $111.01
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| Coupon barrier: | $66.606, 60% of initial level
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| Final barrier: | $66.606, 60% of initial level
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| Pricing date: | May 10, 2023
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| Settlement date: | May 15, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.6%
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| Cusip: | 17331HJM9
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