By Kiku Steinfeld
Chicago, June 26 – Citigroup Global Markets Holdings Inc. priced $580,000 of autocallable contingent coupon equity linked securities due Feb. 5, 2026 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12% paid quarterly if the ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically starting July 31, 2023 at par if the level of the ETF is greater than or equal to its initial level on any quarterly valuation date.
If the ETF finishes at or above its 70% final barrier level, the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the ETF 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 ETF: | Energy Select Sector SPDR Fund
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| Amount: | $580,000
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| Maturity: | Feb. 5, 2026
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| Coupon: | 12% paid quarterly if the ETF closes at or above its 70% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | If ETF finishes at or above final barrier level par; 1% loss for every 1% that ETF declines if it ends below final barrier level
|
| Call: | Automatically starting July 31, 2023 at par if the level of the ETF is greater than or equal to its initial level on any quarterly valuation date
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| Initial level: | $89.93
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| Coupon barrier: | $62.951, 70% of initial level
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| Final barrier level: | $62.951, 70% of initial level
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| Pricing date: | Jan. 31, 2023
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| Settlement date: | Feb. 3, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
|
| Cusip: | 17331CLG0
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