SEC Info  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Citigroup Global Markets Holdings Inc. – ‘FWP’ on 6/5/23 re: Citigroup Global Markets Holdings Inc.

On:  Monday, 6/5/23, at 3:54pm ET   ·   Accession #:  950103-23-8510   ·   File #:  333-270327-01

Previous ‘FWP’:  ‘FWP’ on 6/5/23   ·   Next:  ‘FWP’ on 6/6/23   ·   Latest:  ‘FWP’ on 3/28/24   ·   1 Reference:  To:  Citigroup Inc. – ‘424B2’ on 6/5/23

Find Words in Filings emoji
 
  in    Show  and   Hints

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/05/23  Citigroup Global Markets Hol… Inc FWP                    1:1.1M Citigroup Global Markets Hol… Inc Davis Polk & … LLP 01/FA

Free-Writing Prospectus   —   Rule 163 / 433

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: FWP         Offering Summary                                    HTML     10K 


This is an HTML Document rendered as filed.  [ Alternative Formats ]



 

Preliminary Terms This summary of terms is not complete and should be read with the pricing supplement below Issuer: Citigroup Global Markets Holdings Inc. Guarantor: Citigroup Inc. Underlyings: The S&P 500® Index (ticker: “SPX”) Pricing date: June 14, 2023 Valuation date: July 15, 2024 Maturity date: July 18, 2024 Upside return amount: $1,000 × the underlying return × the participation rate Participation rate: 120.00% Maximum upside return : 17.80% Absolute return amount: $1,000 × the absolute value of the underlying return Final buffer value: 95% Buffer percentage: 5% CUSIP / ISIN: 17291RA69 / US17291RA695 Initial underlying value: The closing value of the underlying on the pricing date Final underlying value: The closing value of the underlying on the valuation date Underlying return: (Final underlying value - initial underlying value) / initial underlying value Payment at Maturity: • If the final underlying value is greater than or equal to the initial underlying value: $1,000 + the upside return amount, subject to the maximum upside return • If the final underlying value is less than the initial underlying value but greater than or equal to the final buffer value: $1,000 + the absolute return amount • If the final underlying value is less than the final buffer value: $1,000 + [$1,000 × (the underlying return + the buffer percentage)] If the final underlying value is less than the final buffer value, which means that the underlying has depreciated from the initial underlying value by more than the buffer percentage, you will lose 1% of the stated principal amount of your securities at maturity for every 1% by which that depreciation exceeds the buffer percentage. All payments on the securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. Stated principal amount: $1,000 per security Pricing Supplement: Preliminary Pricing Supplement dated June 5, 2023 Citigroup Global Markets Holdings Inc. Guaranteed by Citigroup Inc. 13 Month Dual Directional Buffer Securities Linked to SPX Hypothetical Underlying Return Hypothetical Security Return Hypothetical Payment at Maturity D 100.00% 17.80% $1,178.00 75.00% 17.80% $1,178.00 50.00% 17.80% $1,178.00 20.00% 17.80% $1,178.00 C 14.833% 17.80% $1,178.00 10.00% 12.00% $1,120.00 5.00% 6.00% $1,060.00 B 0.00% 0.00% $1,000.00 - 2.50% 2.50% $1,025.00 - 5.00% 5.00% $1,050.00 A - 5.01% - 0.01% $999.90 - 70.00% - 65.00% $350.00 - 100.00% - 95.00% $50.00 Hypothetical Payment at Maturity B C A D

 
 

Selected Risk Considerations • You may lose a significant portion of your investment. If the underlying depreciates by more than the buffer percentage from the initial underlying value to the final underlying value, you will lose 1% of the stated principal amount of your securities for every 1% by which that depreciation exceeds the buffer percentage. • Your potential return on the securities is limited. If the final underlying value is greater than or equal to the initial underlying value, your potential total return on the securities at maturity is limited to the maximum upside return, even if the underlying appreciates by significantly more than the maximum upside return. • The securities do not pay interest. • You will not receive dividends or have any other rights with respect to the underlying. • Your payment at maturity depends on the closing value of the underlying on a single day. • The securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. If Citigroup Global Markets Holdings Inc. defaults on its obligations under the securities and Citigroup Inc. defaults on its guarantee obligations, you may not receive anything owed to you under the securities. • The securities will not be listed on any securities exchange and you may not be able to sell them prior to maturity. • The estimated value of the securities on the pricing date will be less than the issue price. For more information about the estimated value of the securities, see the accompanying preliminary pricing supplement. • The value of the securities prior to maturity will fluctuate based on many unpredictable factors. • The issuer and its affiliates may have conflicts of interest with you. • The U.S. federal tax consequences of an investment in the securities are unclear. The above summary of selected risks does not describe all of the risks associated with an investment in the securities. You should read the accompanying preliminary pricing supplement and product supplement for a more complete description of risks relating to the securities. Additional Information Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed registration statements (including the accompanying preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the accompanying preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement and prospectus in those registration statements (File Nos. 333 - 270327 and 333 - 270327 - 01) and the other documents Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed with the SEC for more complete information about Citigroup Global Markets Holdings Inc., Citigroup Inc. and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request these documents by calling toll - free 1 - 800 - 831 - 9146. Filed pursuant to Rule 433 This offering summary does not contain all of the material information an investor should consider before investing in the securities. This offering summary is not for distribution in isolation and must be read together with the accompanying preliminary pricing supplement and the other documents referred to therein, which can be accessed via the link on the first page. Citigroup Global Markets Holdings Inc. Guaranteed by Citigroup Inc.

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘FWP’ Filing    Date    Other Filings
7/18/24
7/15/24
6/14/23
Filed on:6/5/23424B2,  FWP
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/05/23  Citigroup Inc.                    424B2                  1:162K                                   Davis Polk & … LLP 01/FA
Top
Filing Submission 0000950103-23-008510   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
AboutPrivacyRedactionsHelp — Fri., Mar. 29, 3:35:33.2am ET