Chicago, April 25 – Citigroup Global Markets Holdings Inc. priced $169,000 of 0% autocallable market-linked notes due May 31, 2029 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Citigroup Inc.
The securities will be automatically called at par plus an annualized call premium of 7% if the index closes at or above its premium threshold level on any annual call valuation date. The premium threshold level starts at 101% and increases by 1% each year.
If the securities have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
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: | Autocallable market-linked notes
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| Underlying index: | Citi Dynamic Asset Selector 5 Excess Return index
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| Amount: | $169,000
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| Maturity: | May 31, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index declines
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| Call: | Par plus 7% annualized premium if the index closes at or above premium threshold level on any annual call valuation date; premium threshold level starts at 101% in 2023 and moves up 1% each year
|
| Initial level: | 225.04
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| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4%
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| Cusip: | 17330FJR3
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