By Kiku Steinfeld
Chicago, March 14 – Citigroup Global Markets Holdings Inc. priced $1.36 million of 11.8% autocallable equity linked securities due Jan. 2, 2024 linked to the common stock of Energy Transfer LP, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting May 30, 2023 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly valuation date.
The payout at maturity will be par if the stock ends at or above its 66% final barrier. Otherwise investors will lose 1% 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity linked securities
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| Underlying stock: | Energy Transfer LP
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| Amount: | $1,358,000
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| Maturity: | Jan. 2, 2024
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| Coupon: | 11.8%
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| Price: | Par
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| 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
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| Call: | Automatically starting May 30, 2023 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly valuation date
|
| Initial level: | $12.41
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| Final barrier: | $8.191, 66% of initial level
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| Pricing date: | Nov. 29, 2022
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| Settlement date: | Dec. 2, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.15%
|
| Cusip: | 17330YR69
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