By Kiku Steinfeld
Chicago, May 24 – Citigroup Global Markets Holdings Inc. priced $764,000 of 0% autocallable market-linked notes due Jan. 23, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes will be automatically called at par plus an early redemption premium of 8% per year if the index closes at or above its corresponding call level on any annual determination date. The call level starts at 100% and decreases by 5% with each annual determination date.
If the notes are not previously called and the index closes below its 90% call level on the final determination date of Jan. 20, 2026, the payout at maturity will be par plus 24%. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable market-linked notes
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| Underlying index: | S&P 500
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| Amount: | $764,000
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| Maturity: | Jan. 23, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 24% if the index closes below its 90% call level on final determination date; otherwise, par
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| Call: | Par plus 8% yearly premium if index closes at or above its corresponding call level on any annual determination date; call level starts at 100% and decreases by 5% with each determination date
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| Initial level: | 3,928.86
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| Pricing date: | Jan. 18, 2023
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| Settlement date: | Jan. 23, 2023
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17331C5P8
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