By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – Citigroup Global Markets Holdings Inc. priced $20.52 million of 0% market-linked notes – autocallable with upside participation and fixed percentage buffered downside due Nov. 17, 2025 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 12% call premium if the index closes at or above its initial level on Nov. 162, 2023.
The payout at maturity will be par plus 1.5 times any index gain.
Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.
Citigroup Global Markets Inc. and Wells Fargo Securities are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked notes – autocallable with upside participation and fixed percentage buffered downside
|
| Underlying index: | S&P 500 index
|
| Amount: | $20,518,000
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| Maturity: | Nov. 17, 2025
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| Coupon: | 0%
|
| Level: | Par
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| Payout at maturity: | Par plus 1.5 times index gain, par if index falls by up to 20%, exposure to losses beyond 20%
|
| Call: | Automatically at par plus a 12% call premium if the index closes at or above initial level on Nov. 16, 2023
|
| Initial level: | 3,956.37
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| Buffer level: | 3,165.096, 80% of initial level
|
| Pricing date: | Nov. 10
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| Settlement date: | Nov. 16
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities
|
| Fees: | 2.625%
|
| Cusip: | 17330YTS9
|
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