By Kiku Steinfeld
Chicago, Dec. 16 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% autocallable securities due April 24, 2025 linked to the S&P 500 Value index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting on April 19, 2023 at par plus a 10% annual rate if the worst performing asset closes at or above 84% of its initial value and on any subsequent annual review date.
If the worst performing asset closes at or above 84% of its initial value, the payout at maturity will be par plus 30%. Otherwise investors lose 1% for every 1% that the worst performing asset declines.
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 assets: | S&P 500 Value index and iShares Russell 2000 Value ETF
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Amount: | $500,000
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Maturity: | April 24, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset closes at or above 84% of its initial value, par plus 30%; otherwise 1% loss for every 1% that worst performing asset declines
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Call: | Automatically starting on April 19, 2023 at a 10% annual rate if the worst performing asset closes at or above 84% of initial value and on any subsequent annual review date
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Initial levels: | 1,534.33 for S&P, $157.53 for iShares
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Pricing date: | April 18
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Settlement date: | April 21
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.25%
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Cusip: | 17330AL26
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