New Issue: Citigroup prices $390,000 8.1% callable contingent coupon notes on index, ETFs

Chicago, Feb. 12 – Citigroup Global Markets Holdings Inc. priced $390,000 of callable contingent coupon equity-linked securities due May 31, 2028 linked to the worst performing of the S&P 500 index, SPDR Gold Trust and iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.1% paid monthly if the worst performing index closes at or above its 85% coupon barrier on the related valuation date.

The securities may be called at par starting Aug. 28, 2023 and on any subsequent monthly review date.

The payout at maturity will be par plus the final contingent coupon.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable contingent coupon equity-linked securities
Underlying indexes:	S&P 500 index, SPDR Gold Trust and iShares Silver Trust
Amount:	$390,000
Maturity:	May 31, 2028
Coupon:	8.1% annual rate, paid monthly if the worst performing index closes at or above its 85% coupon barrier on the related valuation date
Price:	Par
Payout at maturity:	Par plus final contingent coupon
Call:	At par starting Aug. 28, 2023 and on any subsequent monthly review date
Initial levels:	4,151.28 for S&P, $180.20 for gold, $20.86 for silver
Coupon barriers:	3,528.588 for S&P, $153.170 for gold, $17.731 for silver, 85% of initial levels
Pricing date:	May 25, 2023
Settlement date:	May 31, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17331HYW0

© 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.