New York, May 31 – Citigroup Global Markets Holdings Inc. priced $1.26 million of autocallable contingent coupon equity linked securities due June 27, 2024 linked to the Energy Select Sector SPDR Fund and SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11% paid monthly if the worst performing ETF closes at or above its 55% coupon barrier on the related valuation date.
The securities will be called automatically starting Nov. 27, 2023 if the price of the worst performing ETF is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing ETF finishes at or above its 55% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing ETF 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 ETFs: | Energy Select Sector SPDR Fund and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1,255,000
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| Maturity: | June 27, 2024
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| Coupon: | 11% paid monthly if the worst performing ETF closes at or above its 55% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above final barrier par; 1% loss for every 1% that worst performing ETF declines if it ends below final barrier
|
| Call: | Automatically starting Nov. 27, 2023 if the price of the worst performing ETF is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | $80.16 for Energy Select Sector SPDR Fund, $125.50 for SPDR S&P Oil & Gas Exploration & Production ETF
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| Coupon barriers: | $44.088 for Energy Select Sector SPDR Fund, $69.025 for SPDR S&P Oil & Gas Exploration & Production ETF, 55% of initial levels
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| Final barriers: | $44.088 for Energy Select Sector SPDR Fund, $69.025 for SPDR S&P Oil & Gas Exploration & Production ETF, 55% of initial levels
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| Pricing date: | May 23
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| Settlement date: | May 26
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.15%
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| Cusip: | 17331HMW3
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