By Kiku Steinfeld
Chicago, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $755,000 of 0% autocallable barrier securities due March 13, 2025 linked to the performance of the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus 15% if the fund closes at or above its initial level on March 13, 2023.
If the notes are not called and the fund finishes above initial level, the payout at maturity will be par plus the gain.
If the fund falls but finishes at or above 60% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the fund from its initial level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc.is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable barrier securities
|
| Underlying fund: | Energy Select Sector SPDR
|
| Amount: | $755,000
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| Maturity: | March 13, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain; par if the fund falls but finishes at or above barrier level; otherwise, investors will lose 1% for each 1% of its decline
|
| Call: | At par plus 15% if the fund closes at or above its initial level on March 13, 2023
|
| Initial level: | $77.47
|
| Trigger level: | $46.482; 60% of initial level
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.95%
|
| Cusip: | 17330AND0
|
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