Published on 10/10/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $775,000 autocallable market-linked notes linked to S&P
By Kiku Steinfeld
Chicago, Oct. 10 – Citigroup Global Markets Holdings Inc. priced $775,000 of 0% autocallable market-linked notes due March 27, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the initial index level on March 24, 2025, the notes will be automatically called at par plus 10%.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return capped at 12%. If the final index level is less than or equal to the initial index level, the payout will be par.
The notes are guaranteed by Citigroup Inc.
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 notes
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| Underlying index: | S&P 500 index
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| Amount: | $775,000
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| Maturity: | March 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus index return capped at 12%; if final index level is less than or equal to initial index level, par
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| Call: | Automatically at par plus 10% if index closes at or above initial index level on March 24, 2025
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| Initial level: | 3,970.99
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| Pricing date: | March 24, 2023
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| Settlement date: | March 29, 2023
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.7%
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| Cusip: | 17331H7M2
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