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Published on 8/10/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $7.08 million equity-linked securities on S&P, Nasdaq

Chicago, Aug. 10 – Citigroup Global Markets Holdings Inc. priced $7.08 million of equity-linked securities due Aug. 30, 2024 tied to the least performing of the S&P 500 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 7.85% per year, payable monthly.

If the final level of each index is at least as great as 80% of its initial level, the payout at maturity will be par.

Otherwise, investors will lose 1.25% for each 1% loss in the worse performing index beyond the 20% buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Equity-linked securities
Underlying indexes:S&P 500 index and Nasdaq-100 index
Amount:$7,080,000
Maturity:Aug. 30, 2024
Coupon:7.85% annual rate, payable monthly
Price:Par
Payout at maturity:If each index finishes at or above barrier, par; otherwise, 1.25% loss for each 1% decline of worse performer beyond 20% buffer
Initial levels:4,567.46 for S&P and 15,561.42 for Nasdaq
Downside threshold levels:3,653.968 for S&P and 12,449.136 for Nasdaq; 80% of initial levels
Strike date:July 25
Pricing date:July 26
Settlement date:July 31
Underwriter:Citigroup Global Markets Inc.
Fees:0%
Cusip:17291RV41

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