Published on 3/10/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $500,000 autocallable market-linked securities on S&P, Russell
By Kiku Steinfeld
Chicago, March 10 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% autocallable market-linked securities due Dec. 1, 2027 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be called at par plus a 26.3% call premium if each index closes at or above its initial level on May 28, 2025.
The payout at maturity will be par plus 2 times any index gain in the least performing index. If the least performing 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 securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $500,000
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| Maturity: | Dec. 1, 2027
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 26.3% if least performing index closes at or above initial level on May 28, 2025
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| Payout at maturity: | Par plus 2 times any index gain in least performing index; if least performing index finishes flat or falls, par
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| Initial levels: | 3,963.94 for S&P, 1,830.964 for Russell
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| Pricing date: | Nov. 28, 2022
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| Settlement date: | Nov. 30, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.6%
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| Cusip: | 17330YQN3
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