By Kiku Steinfeld
Chicago, Feb. 5 – Citigroup Global Markets Holdings Inc. priced $591,000 of callable contingent coupon equity linked securities due Dec. 27, 2024 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.45% paid monthly if the stock closes at or above its 50% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities may be called starting Sept. 21, 2023 on any monthly review date.
The payout at maturity will be par if the stock ends at or above its 50% 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: | Callable contingent coupon equity linked securities
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Underlying stock: | Nvidia Corp.
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Amount: | $591,000
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Maturity: | Dec. 27, 2024
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Coupon: | 11.45% paid monthly if the stock closes at or above its 50% coupon barrier on the related valuation date, plus any previously unpaid coupons
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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: | Starting Sept. 21, 2023 on any monthly review date
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Initial level: | $430.45
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Coupon barrier: | $215.225, 50% of initial level
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Final barrier: | $215.225, 50% of initial level
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Pricing date: | June 21, 2023
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Settlement date: | June 26, 2023
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.375%
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Cusip: | 17291RDZ2
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