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Published on 11/2/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $11.67 million 20% autocallable contingent coupon notes on stocks

New York, Nov. 2 – Citigroup Global Markets Holdings Inc. priced $11.67 million of autocallable contingent coupon equity linked securities due Nov. 3, 2025 linked to the common stocks of Apple Inc., Microsoft Corp. and Uber Technologies, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 20% paid quarterly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons.

The securities will be called automatically starting Jan. 29, 2024 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.

If the worst performing stock finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing stock declines.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Autocallable contingent coupon equity linked securities
Underlying stocks:Apple Inc., Microsoft Corp. and Uber Technologies, Inc.
Amount:$11.67 million
Maturity:Nov. 3, 2025
Coupon:20% paid quarterly if the worst performing stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons
Price:Par
Payout at maturity:If worst performing stock finishes at or above final barrier par; 1% loss for every 1% that worst performing stock declines if it ends below final barrier
Call:Automatically starting Jan. 29, 2024 if the price of the worst performing stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
Initial levels:$166.89 for Apple Inc., $327.89 for Microsoft Corp., $40.62 for Uber Technologies, Inc.
Coupon barriers:$100.134 for Apple Inc., $196.734 for Microsoft Corp., $24.372 for Uber Technologies, Inc., 60% of initial levels
Final barriers:$100.134 for Apple Inc., $196.734 for Microsoft Corp., $24.372 for Uber Technologies, Inc., 60% of initial levels
Pricing date:Oct. 27
Settlement date:Nov. 3
Agent:Citigroup Global Markets Inc.
Fees:1.5%
Cusip:17331ANS6

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