New Issue: Citigroup prices $215,000 market-linked securities linked to S&P 500

By Kiku Steinfeld

Chicago, Feb. 26 – Citigroup Global Markets Holdings Inc. priced $215,000 of 0% market-linked securities due Jan. 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 100% of the index return subject to a maximum return of par plus 16.25%. 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.
Issue:	Market-linked securities
Underlying index:	S&P 500 index
Amount:	$215,000
Maturity:	Jan. 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 100% of index return subject to a maximum return of par plus 16.25%; minimum payout of par
Initial level:	4,378.41
Upside leverage:	100%
Cap:	16.25%
Pricing date:	June 27, 2023
Settlement date:	June 30, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17331HYD2

© 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.