Chicago, Oct. 26 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% autocallable securities due March 2, 2027 linked to the worst performing of the S&P 500 Dynamic Participation index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on Feb. 28, 2023 with a premium of a 10% annual rate if the worst performing asset closes above its initial value and on any subsequent quarterly review date.
If the worst performing asset gains the payout at maturity will be par plus the 50% premium for the final valuation date. Investors will receive par if the worst performing asset but ends above the 85% buffer and lose 1% for every 1% that the worst performing asset declines beyond the 15% buffer.
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 securities
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| Underlying assets: | S&P 500 Dynamic Participation index and SPDR S&P Regional Banking ETF
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| Amount: | $500,000
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| Maturity: | March 2, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its initial value, par plus 50% premium for final valuation date; par if worst performing asset declines but finishes at or above its 85% buffer; otherwise 1% loss for every 1% that worst performing asset declines beyond 15% buffer
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| Call: | Automatically starting on Feb. 28, 2023 with a premium of a 10% annual rate if the worst performing asset closes above its initial value and on any subsequent quarterly review date
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| Initial levels: | 673.10 for index, $73.84 for ETF
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| Final buffer levels: | 572.135 for index, $62.764 for ETF, 85% of initial levels
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| Pricing date: | Feb. 25
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| Settlement date: | March 2
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4%
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| Cusip: | 17330AKV3
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