Published on 5/2/2023 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $4.33 million autocallable securities linked to Russell, S&P
New York, May 2 – Citigroup Global Markets Holdings Inc. priced $4.33 million of 0% autocallable securities due April 28, 2028 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus a 9.25% annualized call premium if the worst performing index closes at or above its initial value on any annual review date.
If the worst performing index gains, the payout at maturity will be par plus the premium for the final valuation date.
Investors will receive par if the worst performing index declines but ends at or above the 65% barrier and lose 1% for every 1% that the worst performing index declines if it finishes below its barrier.
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 securities
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $4,329,000
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| Maturity: | April 28, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus premium for final valuation date; par if worst performing index declines but finishes at or above its 65% barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par plus a 9.25% annualized call premium if the worst performing index closes at or above its initial value on any annual review date
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| Initial levels: | 1,745.952 for Russell 2000 index, 4,071.63 for S&P 500 index
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| Final barriers: | 1,134.869 for Russell 2000 index, 2,646.560 for S&P 500 index, 65% of initial level
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.2%
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| Cusip: | 17331HGP5
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