By Kiku Steinfeld
Chicago, May 22 – Citigroup Global Markets Holdings Inc. priced $857,000 of autocallable contingent coupon equity linked securities due July 22, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% 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 July 17, 2023 if the level of the index is greater than or equal to its initial level and on any subsequent monthly valuation date.
The payout at maturity will be par if the index gains or declines by no more than its 20% buffer. Otherwise investors will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying index: | S&P 500 index
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| Amount: | $857,000
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| Maturity: | July 22, 2024
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| Coupon: | 8% paid monthly if the index closes at or above its 80% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If index gains or declines by no more than 20% buffer par; 1% loss for every 1% that index declines beyond buffer
|
| Call: | Automatically starting July 17, 2023 at par if the level of the index is greater than or equal to its initial level and on any subsequent monthly valuation date
|
| Initial level: | 3,990.97
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| Coupon barrier level: | 3,192.776, 80% of initial level
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| Buffer: | 20%
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| Buffer level: | 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: | 0.65%
|
| Cusip: | 17331CJC2
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