Published on 10/18/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $40,000 4.75% variable coupon market-linked notes on S&P
By Kiku Steinfeld
Chicago, Oct. 18 – Citigroup Global Markets Holdings Inc. priced $40,000 of variable coupon market-linked notes due March 31, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4.75% on each annual coupon payment date if the index closes above its initial level, otherwise 1.5%.
The payout at maturity will be par and the notes are non-callable.
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: | Variable coupon market-linked notes
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| Underlying index: | S&P 500 index
|
| Amount: | $40,000
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| Maturity: | March 31, 2026
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| Coupon: | 4.75% on each annual coupon payment date if the index closes above its initial level, otherwise 1.5%
|
| Price: | Par
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| Payout at maturity: | Par
|
| Initial level: | 3,971.27
|
| Call: | Non-callable
|
| Pricing date: | March 28, 2023
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| Settlement date: | March 31, 2023
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%
|
| Cusip: | 17331CTN7
|
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