By Wendy Van Sickle
Columbus, Ohio, Dec. 7 – Citigroup Global Markets Holdings Inc. priced $1.15 million of 0% autocallable securities due Nov. 30, 2022 tied to the common stock of Coinbase Global, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the stock closes at or above of its initial level on May 17, 2022, the notes will be called at par plus a call premium of 15.25%.
If the stock finishes at or above its initial level, the payout at maturity will be par plus two times the stock return.
Investors will receive par if the stock falls by up to 25%.
If the final stock level is below 75% of the initial stock level, investors will be fully exposed to the loss.
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 securities
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| Underlying stock: | Coinbase Global, Inc.
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| Amount: | $1.15 million
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| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above initial level, par plus two times the stock return; par if stock falls but not below 75% of initial level; otherwise, full exposure to loss
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| Call: | If stock closes at or above initial level on May 17, 2022, at par plus an annualized call premium of 15.25%
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| Initial level: | $346.52
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| Trigger value: | $259.89, 75% of initial level
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| Pricing date: | Nov. 17
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| Settlement date: | Nov. 22
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1%
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| Cusip: | 17329UAX9
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