Chicago, Feb. 2 – Citigroup Global Markets Holdings Inc. priced $959,000 of autocallable contingent coupon equity linked securities due May 16, 2024 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 14% paid monthly if the ETF closes at or above its 50% coupon barrier on the related valuation date.
The securities will be called automatically at par starting Nov. 13, 2023 if the level of the ETF is greater than or equal to its initial level and on any subsequent monthly valuation date.
If the ETF finishes at or above its 50% final barrier 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying ETF: | SPDR S&P Regional Banking ETF
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| Amount: | $959,000
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| Maturity: | May 16, 2024
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| Coupon: | 14% annual rate, paid monthly if the ETF closes at or above its 50% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | If ETF finishes at or above final barrier par; 1% loss for every 1% that ETF declines if it ends below final barrier
|
| Call: | Automatically at par starting Nov. 13, 2023 if the level of the ETF is greater than or equal to its initial level and on any subsequent monthly valuation date
|
| Initial level: | $36.14
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| Coupon barrier: | $18.07, 50% of initial level
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| Final barrier: | $18.07, 50% of initial level
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| Pricing date: | May 11, 2023
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| Settlement date: | May 16, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.2%
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| Cusip: | 17331HM78
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