By Wendy Van Sickle
Columbus, Ohio, July 18 – Citigroup Global Markets Holdings Inc. priced $1.14 million of autocallable market-linked notes due July 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 7.05% call premium if the index closes at or above its initial level on July 3, 2023.
If the index return is positive, the payout at maturity will be par plus the return. Otherwise, investors will receive par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,135,000
|
| Maturity: | July 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus index return; minimum payout of par
|
| Call: | Automatically at par plus a 7.05% call premium if the index closes at or above initial level on July 3, 2023
|
| Initial level: | 3,785.38
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.5%
|
| Cusip: | 17330PKX6
|
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