By Kiku Steinfeld
Chicago, Sept. 19 – Citigroup Global Markets Holdings Inc. priced $474,000 of 0% upturn securities due April 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 300% of the index return capped at par plus 15.8%.
Investors will lose 1% for every 1% that the index declines if it ends below its initial level.
The securities are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Upturn securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $474,000
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| Maturity: | April 11, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial value, par plus 300% of index return capped at 15.8%; otherwise exposure to decline of index
|
| Leverage: | 300%
|
| Cap: | 15.8%
|
| Initial level: | 4,048.42
|
| Call: | Non-callable
|
| Pricing date: | March 6, 2023
|
| Settlement date: | March 9, 2023
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1.93%
|
| Cusip: | 17331CSG3
|
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