New York, Feb. 3 – Citigroup Global Markets Holdings Inc. priced $1.37 million of 14% autocallable equity linked securities due Feb. 29, 2024 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Starting July 26, 2023, the securities will be called automatically if the stock closes at or above its initial share price on any monthly valuation date.
The payout at maturity will be par if the stock ends at or above its 70% final barrier. Otherwise, investors will lose 1% for every 1% that the stock declines.
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 equity linked securities
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| Underlying stock: | Ford Motor Co.
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| Amount: | $1,373,000
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| Maturity: | Feb. 29, 2024
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| Coupon: | 14%, payable monthly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
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| Call: | Automatically at par starting July 26, 2023 if stock closes at or above initial share price on any monthly valuation date
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| Initial level: | $12.92
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| Final barrier: | $9.044, 70% of initial level
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.15%
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| Cusip: | 17331ABD2
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