By Kiku Steinfeld
Chicago, Aug. 24 – Citigroup Global Markets Holdings Inc. priced $446,000 of 0% autocallable market-linked securities due Feb. 28, 2030 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Citigroup Inc.
The securities will be automatically called at par plus an annualized call premium of 13.45% if the index closes at or above its call premium threshold level on either of two annual valuation dates. The first call premium threshold level is 100.25% and it steps up to 100.5% the following year.
If the securities have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable market-linked securities
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| Underlying index: | Citi Dynamic Asset Selector 5 Excess Return index
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| Amount: | $446,000
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| Maturity: | Feb. 28, 2030
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index declines
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| Call: | Par plus 13.45% annualized premium if the index closes at or above call premium threshold level on either of two annual valuation dates; first premium threshold is 100.25% and increases 0.25% the next year
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| Initial level: | 211.63
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| Pricing date: | Feb. 24, 2023
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| Settlement date: | March 1, 2023
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4.125%
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| Cusip: | 17331CSS7
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