Published on 5/1/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.48 million 20.25% callable contingent coupon notes on Amazon, Costco, Target, Walmart
New York, May 1 – Citigroup Global Markets Holdings Inc. priced $1.48 million of callable contingent coupon equity linked securities due April 24, 2026 linked to the common stocks of Amazon.com, Inc., Costco Wholesale Corp., Target Corp. and Walmart Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 20.25% paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date.
The securities may be called starting July 21 and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing stock ends at or above its 60% final barrier. Otherwise investors will lose 1% 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: | Callable contingent coupon equity linked securities
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| Underlying stocks: | Amazon.com, Inc., Costco Wholesale Corp., Target Corp. and Walmart Inc.
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| Amount: | $1,483,000
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| Maturity: | April 24, 2026
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| Coupon: | 20.25% paid monthly if the worst performing stock closes at or above its 60% 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; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
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| Call: | Starting July 21 and on any subsequent monthly review date
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| Initial levels: | $106.96 for Amazon.com, Inc., $506.35 for Costco Wholesale Corp., $162.18 for Target Corp., $151.73 for Walmart Inc.
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| Coupon barriers: | $64.176 for Amazon.com, Inc., $303.810 for Costco Wholesale Corp., $97.308 for Target Corp., $91.038 for Walmart Inc., 60% of initial levels
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| Final barriers: | $64.176 for Amazon.com, Inc., $303.810 for Costco Wholesale Corp., $97.308 for Target Corp., $91.038 for Walmart Inc., 60% of initial levels
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| Pricing date: | April 21
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| Settlement date: | April 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17331HGW0
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