By William Gullotti
Buffalo, N.Y., Aug. 9 – Citigroup Global Markets Holdings Inc. priced $3.53 million of 0% autocallable market-linked notes due Aug. 3, 2027 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 8% if the index closes at or above its initial level on Aug. 1, 2023.
If the notes have not been called, the payout at maturity will be par plus 110% of 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: | $3,533,000
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Maturity: | Aug. 3, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 110% of any index gain; par if index declines
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Call: | Par plus an 8% call premium if the index closes at or above initial level on Aug. 1, 2023
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Initial level: | 4,130.29
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.125%
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Cusip: | 17330PLV9
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