By Kiku Steinfeld
Chicago, Oct. 30 – Citigroup Global Markets Holdings Inc. priced $765,000 of 0% autocallable market-linked securities due April 5, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Citigroup Inc.
The securities will be automatically called at par plus an early redemption premium of 7.5% if the index closes at or above its initial level on April 1, 2024.
If the securities have not been called, the payout at maturity will be par plus 1.1 times any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable market-linked securities
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| Underlying index: | S&P 500 index
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| Amount: | $765,000
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| Maturity: | April 5, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.1 times any index gain; par if index declines
|
| Call: | Par plus 7.5% premium if the index closes at or above initial level on April 1, 2024
|
| Initial level: | 4,109.31
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| Pricing date: | March 31, 2023
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| Settlement date: | April 5, 2023
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.125%
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| Cusip: | 17331CUN5
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