Published on 3/17/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $445,000 7.75% autocallable contingent coupon market-linked notes on indexes
By Kiku Steinfeld
Chicago, March 17 – Citigroup Global Markets Holdings Inc. priced $445,000 of autocallable contingent coupon market-linked notes due Dec. 6, 2027 linked to 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 7.75% paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically starting Nov. 30, 2023 at par 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.
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| Guarantor: | Citigroup Inc.
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| 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: | $445,000
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| Maturity: | Dec. 6, 2027
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| Coupon: | 7.75% paid monthly if the worst performing index closes at or above its 80% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par plus any contingent coupon
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| Call: | Automatically starting Nov. 30, 2023 at par 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: | 12,030.06 for Nasdaq, 1,886.577 for Russell, 4,080.11 for S&P
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| Coupon barriers: | 9,624.048 for Nasdaq, 1,509.262 for Russell, 3,264.088 for S&P, 80% of initial levels
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| Pricing date: | Nov. 30, 2022
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| Settlement date: | Dec. 5, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17330YKW9
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