By William Gullotti
Buffalo, N.Y., Nov. 4 – Citigroup Global Markets Holdings Inc. priced $4.84 million of 0% market-linked notes – autocallable with upside participation and principal return at maturity due Nov. 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a 9.6% call premium if the index closes at or above its initial level on Nov. 2, 2023.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index finishes flat or declines.
Citigroup Global Markets Inc. and Wells Fargo Securities are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked notes – autocallable with upside participation and principal return at maturity
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,842,000
|
| Maturity: | Nov. 4, 2027
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| Coupon: | 0%
|
| Level: | Par
|
| Payout at maturity: | Par plus index return with floor of par
|
| Call: | Automatically at par plus a 9.6% call premium if the index closes at or above initial level on Nov. 2, 2023
|
| Initial level: | 3,901.06
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 2
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities
|
| Fees: | 2.825%
|
| Cusip: | 17330RV69
|
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