Published on 3/16/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.58 million 8.1% autocallable contingent coupon notes on indexes
Chicago, March 16 – Citigroup Global Markets Holdings Inc. priced $1.58 million of autocallable contingent coupon market-linked notes due March 15, 2028 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.1% paid monthly if the worst performing index closes at or above its 85% coupon barrier on the related valuation date.
The securities will be called automatically at par starting March 12, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent quarterly valuation date.
The payout at maturity will be par plus any contingent coupon.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent coupon market-linked notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $1,581,000
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| Maturity: | March 15, 2028
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| Coupon: | 8.1% annual rate, paid monthly if the worst performing index closes at or above its 85% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par plus any contingent coupon
|
| Call: | Automatically at par starting March 12, 2024 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent quarterly valuation date
|
| Initial levels: | 11,830.28 for Nasdaq, 1,772.702 for Russell, 3,861.59 for S&P
|
| Coupon barriers: | 10,055.738 for Nasdaq, 1,506.797 for Russell, 3,282.352 for S&P, 85% of initial levels
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 17331CZW0
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