By Wendy Van Sickle
Columbus, Ohio, Dec. 7 – Citigroup Global Markets Holdings Inc. priced $1.75 million of principal-at-risk securities due Nov. 30, 2024 linked to the 30-year Constant Maturity Swap rate and the two-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
Interest will be paid monthly at an annualized rate of 9.8043%.
At maturity, investors will receive par of $1,000 times the number of calendar days during the Nov. 30, 2023 to Nov. 30, 2024 observation period that the 30-year CMS rate exceeds the two-year constant CMS rate.
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: | Principal-at-risk securities
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| Underlying rates: | 30-year Constant Maturity Swap rate and two- Constant Maturity Swap CMS rate
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| Amount: | $1.75 million
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| Maturity: | Nov. 30, 2024
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| Coupon: | 9.8043% per annum, payable monthly
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| Price: | Par
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| Payout at maturity: | Par of $1,000 times number of calendar days during the Nov. 30, 2023 to Nov. 30, 2024 observation period that the 30-year CMS rate exceeds the two-year CMS rate
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17329U4M0
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