By Kiku Steinfeld
Chicago, Oct. 25 – Citigroup Global Markets Holdings Inc. priced $252,000 of autocallable contingent coupon equity linked securities due April 3, 2025 linked to the common stock of Toronto-Dominion Bank, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.3% paid monthly if the stock closes at or above its 73% coupon barrier on the related valuation date.
The securities will be called automatically starting Sept. 29, 2023 if the level of the stock is greater than or equal to its initial level on a monthly valuation date.
If the stock finishes at or above its 73% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines, with the payment made in cash or 16.88619 shares 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying stock: | Toronto-Dominion Bank
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| Amount: | $252,000
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| Maturity: | April 3, 2025
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| Coupon: | 10.3% paid monthly if the stock closes at or above its 73% coupon barrier on the related valuation date
|
| Price: | Par
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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 cash or 16.88619 shares
|
| Call: | Automatically starting Sept. 29, 2023 if the level of the stock is greater than or equal to its initial level on a monthly valuation date
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| Initial level: | $59.22
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| Coupon barrier: | $43.231, 73% of initial level
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| Final barrier: | $43.231, 73% of initial level
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| Pricing date: | March 29, 2023
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| Settlement date: | April 3, 2023
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.95%
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| Cusip: | 17331ACF6
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