By Kiku Steinfeld
Chicago, Sept. 26 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity linked securities due March 19, 2026 linked to the common stock of Caesars Entertainment, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16% paid monthly if the stock closes at or above its 50% coupon barrier on the related valuation date.
The securities will be called automatically starting Sept. 14, 2023 if the level of the stock is greater than or equal to its initial on a quarterly valuation date.
If the stock finishes at or above its 50% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines, payable in 217.43857 shares or cash at the issuer's option.
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 stock: | Caesars Entertainment, Inc.
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| Amount: | $500,000
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| Maturity: | March 19, 2026
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| Coupon: | 16% paid monthly if the stock closes at or above its 50% coupon barrier on the related valuation date
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| Price: | $10,000.00
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier, payable in 217.43857 shares or cash
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| Call: | Automatically starting Sept. 14, 2023 if the level of the stock is greater than or equal to its initial level on a quarterly valuation date
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| Initial level: | $45.99
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| Coupon barrier: | $22.995, 50% of initial level
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| Final barrier: | $22.995, 50% of initial level
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| Pricing date: | March 14, 2023
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| Settlement date: | March 17, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17331ACR0
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