Published on 6/8/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.22 million 10.3% autocallable equity linked securities on Russell, S&P
New York, June 8 – Citigroup Global Markets Holdings Inc. priced $1.22 million of 10.3% autocallable equity linked securities due Aug. 30, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
The securities will be called automatically at par if each index closes at or above its initial level on May 24, 2024.
If the notes have not been called, the payout at maturity will be par unless either index closes below its 75% trigger value during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the laggard index declines from initial level.
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 equity linked securities
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $1,224,000
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| Maturity: | Aug. 30, 2024
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| Coupon: | 10.3%, paid quarterly
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| Price: | Par
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| Payout at maturity: | Par unless either index closes below its trigger value during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the laggard index declines from initial level
|
| Call: | Automatically at par if each index closes at or above its initial level on May 24, 2024
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| Initial levels: | 1,754.605 for Russell 2000 index, 4,151.28 for S&P 500 index
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| Trigger values: | 1,315.954 for Russell 2000 index, 3,113.460 for S&P 500 index, 75% of initial levels
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17331HZS8
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