Chicago, Feb. 13 – Citigroup Global Markets Holdings Inc. priced $511,000 of 0% autocallable dual directional market-linked notes due June 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 6% call premium if the index closes at or above its initial level on May 31, 2024.
If the index gains, the payout will be par plus the index return, capped at 14%.
The payout will be par plus the absolute value of the index return if the index declines but ends at or above the 90% barrier.
Otherwise, investors will receive par.
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 dual directional market-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $511,000
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| Maturity: | June 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return, capped at 14%; par plus absolute value of index return if index declines but ends at or above 90% barrier level; otherwise, par
|
| Call: | Automatically at par plus a 6% call premium if the index closes at or above its initial level on May 31, 2024
|
| Initial level: | 4,179.83
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| Barrier level: | 90% of initial level
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| Pricing date: | May 31, 2023
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| Settlement date: | June 5, 2023
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17331HMZ6
|
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