New York, July 14 – Citigroup Global Markets Holdings Inc. priced $2.83 million of callable contingent coupon equity linked securities due July 8, 2026 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15%, paid monthly, if the ETF closes at or above its 65% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting Jan. 2, 2024.
The payout at maturity will be par if the ETF ends at or above its 70% final barrier. Otherwise, investors will lose 1% 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: | Callable contingent coupon equity linked securities
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| Underlying ETF: | SPDR S&P Regional Banking ETF
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| Amount: | $2,827,000
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| Maturity: | July 8, 2026
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| Coupon: | 15%, paid monthly if the ETF closes at or above its 65% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above final barrier, par; otherwise, 1% loss for every 1% that ETF declines from initial level
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| Call option: | At par on any monthly review date starting Jan. 2, 2024
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| Initial level: | $40.83
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| Coupon barrier: | $26.54, 65% of initial level
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| Final barrier: | $28.581, 70% of initial level
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| Pricing date: | June 30
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| Settlement date: | July 10
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0%
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| Cusip: | 17291RKH4
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