Published on 8/4/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $350,000 21.7% contingent coupon autocallables linked to Amazon, Tesla
New York, Aug. 4 – Citigroup Global Markets Holdings Inc. priced $350,000 of autocallable contingent coupon equity linked securities due Sept. 11, 2025 linked to the common stocks of Amazon.com, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 21.7% paid monthly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically starting Dec. 8, 2022 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing stock finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss 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: | Autocallable contingent coupon equity linked securities
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| Underlying stocks: | Amazon.com, Inc. and Tesla, Inc.
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| Amount: | $350,000
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| Maturity: | Sept. 11, 2025
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| Coupon: | 21.7% 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: | Automatically starting Dec. 8, 2022 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | $129.82 for Amazon.com, Inc., $289.26 for Tesla, Inc.
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| Coupon barriers: | $77.892 for Amazon.com, Inc., $173.556 for Tesla, Inc., 60% of initial levels
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| Final barriers: | $77.892 for Amazon.com, Inc., $173.556 for Tesla, Inc., 60% of initial levels
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| Pricing date: | Sept. 8, 2022
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| Settlement date: | Sept. 13, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 3.35%
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| Cusip: | 17330RQR9
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