By Kiku Steinfeld
Chicago, Dec. 4 – Citigroup Global Markets Holdings Inc. priced $725,000 of 0% dual directional barrier market-linked notes due April 29, 2024 linked to the performance of the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
A barrier event will occur if the fund closes above its 118.9% upper barrier or at or below its 81.1% lower barrier on any trading day during the life of the notes.
If a barrier event occurs, investors will receive par plus 3%.
If a barrier event does not occur, investors will receive par plus the greater of 3% of the absolute value of the fund return.
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: | Dual directional barrier market-linked notes
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| Underlying fund: | SPDR S&P Regional Banking ETF
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| Amount: | $725,000
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| Maturity: | April 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If a barrier event has occurred, par plus 3%; if a barrier event does not occur, par plus greater of 3% or the absolute value of the fund return
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| Trigger event: | Occurs if the fund closes above upper barrier or at or below lower barrier on any trading day during the life of the notes
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| Initial level: | $44.31
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| Upper barrier: | 118.9% of initial level
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| Lower barrier: | 81.1% of initial level
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| Pricing date: | April 20, 2023
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| Settlement date: | May 4, 2023
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 0.95%
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| Cusip: | 17331HSJ6
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