By Kiku Steinfeld
Chicago, May 22 – Citigroup Global Markets Holdings Inc. priced $617,000 of autocallable contingent coupon market-linked notes due Jan. 20, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.9% paid monthly if the index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically starting Jan. 17, 2024 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly 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
|
| Underlying index: | S&P 500 index
|
| Amount: | $617,000
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| Maturity: | Jan. 20, 2028
|
| Coupon: | 6.9% paid monthly if the index closes at or above its 80% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par plus any contingent coupon
|
| Call: | Automatically starting Jan. 17, 2024 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly valuation date
|
| Initial level: | 3,990.97
|
| Coupon barrier: | 3,192.776, 80% of initial level
|
| Pricing date: | Jan. 17, 2023
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| Settlement date: | Jan. 20, 2023
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
|
| Cusip: | 17331CL47
|
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