By Wendy Van Sickle
Columbus, Ohio, May 24 – Citigroup Global Markets Holdings Inc. priced $10.4 million of 0% autocallable market-linked notes due May 22, 2025 linked 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 will be automatically called at par plus an early redemption premium of 5.06% if the index closes at or above the initial level on May 17, 2023.
If the notes have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable market-linked notes
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Underlying index: | S&P 500
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Amount: | $10,399,000
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Maturity: | May 22, 2025
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Coupon: | 0%
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Price: | Par
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Call: | Par plus 5.06% if index closes at or above initial level on May 17, 2023
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Payout at maturity: | Par plus any index gain; par if index declines
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Initial level: | 4,088.85
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Pricing date: | May 17
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Settlement date: | May 20
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.75%
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Cusip: | 17330FQD6
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