By Kiku Steinfeld
Chicago, Sept. 13 – Citigroup Global Markets Holdings Inc. priced $277,000 of 0% upturn securities due Sept. 6, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 150% of the index return capped at par plus 32.9%.
Investors will lose 1% for every 1% that the index declines if it ends below its initial level.
The securities are non-callable.
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: | Upturn securities
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Underlying index: | Russell 2000 index
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Amount: | $277,000
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Maturity: | Sept. 6, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above its initial value, par plus 150% of index return capped at 32.9%; otherwise exposure to decline of index
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Leverage: | 150%
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Cap: | 32.9%
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Initial level: | 1,902.659
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Call: | Non-callable
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Pricing date: | March 2, 2023
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Settlement date: | March 7, 2023
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Agent: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17331CT23
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