Published on 2/23/2023 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.01 million contingent coupon equity linked autocalls on indexes, ETF
New York, Feb. 23 – Citigroup Global Markets Holdings Inc. priced $1.01 million of autocallable contingent coupon equity linked securities due Aug. 21, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.1% per year, paid monthly, if the worst performing asset closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par if the closing level of the worst performing asset is greater than or equal to its initial level on any monthly valuation date starting May 16.
If the worst performing asset finishes at or above its 70% final barrier, the payout at maturity will be par. Otherwise, investors will lose 1% loss for every 1% that the worst performing asset 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 assets: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $1,005,000
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| Maturity: | Aug. 21, 2024
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| Coupon: | 7.1% per year, paid monthly if the worst performing asset 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 asset finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Call: | Automatically at par if the closing level of the worst performing asset is greater than or equal to its initial level on any monthly valuation date starting May 16
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| Initial levels: | 12,442.48 for Nasdaq-100 index, 1,942.212 for Russell 2000 index, $152.46 for iShares Russell 2000 Value ETF
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| Coupon barriers: | 8,709.736 for Nasdaq-100 index, 1,359.548 for Russell 2000 index, $106.722 for iShares Russell 2000 Value ETF, 70% of initial levels
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| Final barriers: | 8,709.736 for Nasdaq-100 index, 1,359.548 for Russell 2000 index, $106.722 for iShares Russell 2000 Value ETF, 70% of initial levels
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.15%
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| Cusip: | 17331CRG4
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