New Issue: Citigroup prices $459,000 autocallable securities linked to S&P 500

New York, Jan. 9 – Citigroup Global Markets Holdings Inc. priced $459,000 of 0% autocallable securities due May 3, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Starting on May 1, 2024, the securities will be called automatically at par plus a premium of 11.3% per year if the index closes at or above its initial value on any annual review date.

If the index gains, the payout at maturity will be par plus the 56.5% premium for the final valuation date. Investors will receive par if the index but ends above the 70% barrier and lose 1% for every 1% that the index declines if it finishes below its barrier.

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 securities
Underlying index:	S&P 500 index
Amount:	$459,000
Maturity:	May 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial value, par plus 56.5% premium for final valuation date; par if index declines but finishes at or above its 70% barrier; otherwise 1% loss for every 1% that index declines
Call:	Starting on May 1, 2024, automatically at par plus premium of 11.3% per year if index closes at or above initial value on any annual review date
Initial level:	4,169.48
Final barrier:	2,918.636, 70% of initial level
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17331HN28

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.