Published on 3/20/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.12 million autocallable contingent coupon market-linked notes on indexes
New York, March 20 – Citigroup Global Markets Holdings Inc. priced $1.12 million of autocallable contingent coupon market-linked notes due Feb. 3, 2028 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7% per year, paid monthly, if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date starting Jan. 31, 2024.
The payout at maturity will be par plus any final contingent coupon otherwise payable.
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 market-linked notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $1,117,000
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Maturity: | Feb. 3, 2028
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Coupon: | 7% per year, paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | Par plus any final contingent coupon otherwise due
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Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any quarterly valuation date starting Jan. 31, 2024
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Initial levels: | 12,101.93 for Nasdaq-100 index, 1,931.945 for Russell 2000 index, 4,076.60 for S&P 500 index
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Coupon barriers: | 9,681.544 for Nasdaq-100 index, 1,545.556 for Russell 2000 index, 3,261.28 for S&P 500 index, 80% of initial levels
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agent: | Citigroup Global Markets Inc.
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Fees: | 1.25%
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Cusip: | 17331C4L8
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