Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $255,000 autocallable market-linked notes tied to FedEx
Chicago, Oct. 12 – Citigroup Global Markets Holdings Inc. priced $255,000 of 0% autocallable market-linked notes due Oct. 5, 2027 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on Sept. 30, 2024 at par plus 23% if the stock closes above its initial value.
If the stock gains the payout at maturity will be par plus the return of the stock. 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable market-linked notes
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| Underlying stock: | FedEx Corp.
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| Amount: | $255,000
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| Maturity: | Oct. 5, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus return of stock if stock finishes positive; otherwise, par
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| Call: | Automatically at par plus 23% if stock closes above initial level on Sept. 30, 2024
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| Initial level: | $148.47
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| Pricing date: | Sept. 30, 2022
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| Settlement date: | Oct. 5, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17330RQA6
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