New York, March 30 – Citigroup Global Markets Holdings Inc. priced $1.7 million of autocallable contingent coupon equity linked securities due March 28, 2024 linked to the common stocks of American Express Co. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.9% per year, paid quarterly, if the worst performing stock closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing price of the worst performing stock is greater than or equal to its initial price on any determination date starting Sept. 25, 2023.
If the worst performing stock finishes at or above its 70% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing stock declines.
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 equity linked securities
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| Underlying stocks: | American Express Co. and Visa Inc.
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| Amount: | $1.7 million
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| Maturity: | March 28, 2024
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| Coupon: | 15.9% per year, paid quarterly if the worst performing stock closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing stock declines from initial level
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| Call: | Automatically at par if the closing price of the worst performing stock is greater than or equal to its initial price on any determination date starting Sept. 25, 2023
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| Initial levels: | $162.75 for American Express Co., $220.04 for Visa Inc.
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| Coupon barriers: | $113.925 for American Express Co., $154.028 for Visa Inc., 70% of initial levels
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| Final barriers: | $113.925 for American Express Co., $154.028 for Visa Inc., 70% of initial levels
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| Pricing date: | March 23
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| Settlement date: | March 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.2%
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| Cusip: | 17331H6X9
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