New Issue: Citigroup prices $517,000 contingent bearish market-linked notes on S&P 500

Chicago, Feb. 13 – Citigroup Global Markets Holdings Inc. priced $517,000 of 0% contingent bearish market-linked notes due Feb. 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the index closes below 80% of its initial level on any day during the life of the notes, investors will receive par plus 4.9% at maturity.

If the index stays above 80% of its initial level over the life of the notes, the payout will be based on the final level. If the final level is less than the initial level, investors will receive a 1% gain for each 1% decline. If the index level is higher than the initial level, investors will receive par.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent bearish market-linked notes
Underlying index:	S&P 500 index
Amount:	$517,000
Maturity:	Feb. 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 4.9% if index falls more than 20% at any point during life of notes; par plus 1% gain for each 1% decline if the index never falls more than 20% but finishes below its initial level; otherwise, par if the index finishes above initial level and never fell more than 20% during life of notes
Initial index level:	4,151.28
Knock-out level:	3,321.024; 80% of initial index level
Strike date:	May 25, 2023
Pricing date:	May 26, 2023
Settlement date:	June 12, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17291R4B5

© 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.