Chicago, Sept. 13 – Citigroup Global Markets Holdings Inc. priced $892,000 of 0% autocallable buffer securities due Aug. 31, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus 7% call premium if the index closes at or above its initial level on Aug. 29, 2023.
If the notes are not called and the index finishes at or above initial level, the payout at maturity will be par plus 150% of the index return.
If the index declines but finishes at or above 80% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the index below 20%.
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: | Autocallable buffer securities
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| Underlying index: | S&P 500 index
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| Amount: | $892,000
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| Maturity: | Aug. 31, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes positive, par plus 150% of index gain; par if the index declines but finishes at or above buffer level; otherwise, investors will lose 1% for each 1% of index decline below buffer level
|
| Call: | At par plus 7% call premium if the index closes at or above initial level on Aug. 29, 2023
|
| Initial level: | 4,057.66
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| Buffer level: | 3,246.128; 80% of initial level
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 3.75%
|
| Cusip: | 17330PDF3
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