By Kiku Steinfeld
Chicago, Feb. 9 – Citigroup Global Markets Holdings Inc. priced $1.17 million of callable equity-linked securities due Feb. 5, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 4% per year, payable quarterly.
The notes can be redeemed at the option of the issuer on any quarterly coupon payment date starting Feb. 3, 2023.
Investors will receive par unless the index finishes below 70% of its initial level, in which case investors will be fully exposed to its losses.
Citigroup Global Markets Inc. is the underwriter
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable equity-linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,169,000
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| Maturity: | Feb. 5, 2025
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| Coupon: | 4% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below 70% of its initial level, in which case investors will be fully exposed to its losses
|
| Call option: | At par on any quarterly coupon payment date starting Feb. 3, 2023
|
| Initial level: | 4,515.55
|
| Downside threshold: | 2,709.330; 60% of initial prices
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17329UZ38
|
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