Published on 3/7/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.21 million 8% autocallable equity linked securities on three indexes
New York, March 7 – Citigroup Global Markets Holdings Inc. priced $1.21 million of 8% autocallable equity linked securities due Sept. 3, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The securities will be called automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any monthly valuation date starting Aug. 30, 2023.
The payout at maturity will be par if the worst performing index ends at or above its 70% final barrier. Otherwise, investors will lose 1% 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 equity linked securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $1,206,000
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| Maturity: | Sept. 3, 2024
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| Coupon: | 8% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par if the closing level of the worst performing index is greater than or equal to its initial level on any monthly valuation date starting Aug. 30, 2023
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| Initial levels: | 12,042.12 for Nasdaq-100 index, 1,896.991 for Russell 2000 index, 3,970.15 for S&P 500 index
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| Final barriers: | 8,429.484 for Nasdaq-100 index, 1,327.894 for Russell 2000 index, 2,779.105 for S&P 500 index, 70% of initial levels
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17331CAQ0
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