Published on 12/4/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $750,000 9.1% autocallable contingent coupon notes on Nasdaq, S&P
Chicago, Dec. 4 – Citigroup Global Markets Holdings Inc. priced $750,000 of autocallable contingent coupon equity linked securities due Feb. 1, 2024 linked to the worst performing of the Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.1% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par starting Oct. 27, 2023 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing index finishes at or above its 50% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing index 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 contingent coupon equity linked securities
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| Underlying indexes: | Nasdaq-100 index and S&P 500 index
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| Amount: | $750,000
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| Maturity: | Feb. 1, 2024
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| Coupon: | 9.1% annual rate, paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | Automatically at par starting Oct. 27, 2023 if the price of the worst performing index is greater than or equal to its initial price and on any subsequent monthly valuation date
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| Initial levels: | 11,191.63 for Nasdaq, 3,807.30 for S&P
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| Coupon barriers: | 7,834.141 for Nasdaq, 2,665.110 for S&P, 70% of initial levels
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| Final barriers: | 5,595.815 for Nasdaq, 1,903.650 for S&P, 50% of initial levels
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| Pricing date: | Oct. 27, 2022
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| Settlement date: | Nov. 1, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17330Y3U2
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