Chicago, Dec. 15 – Citigroup Global Markets Holdings Inc. priced $617,000 of autocallable contingent coupon equity-linked securities due May 11, 2023 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10% paid monthly if the fund closes at or above its 77% coupon barrier on the related valuation date.
The securities will be called automatically starting Oct. 10, 2022 if the level of the fund is greater than or equal to its initial level and on any subsequent monthly valuation date.
If the fund finishes at or above its 77% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the fund declines, payable in cash or shares at the issuer’s option.
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 contingent coupon equity linked securities
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| Underlying fund: | Energy Select Sector SPDR Fund
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| Amount: | $617,000
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| Maturity: | May 11, 2023
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| Coupon: | 10% annual rate, paid monthly if the fund closes at or above its 77% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | If fund finishes at or above final barrier par; 1% loss for every 1% that fund declines if it ends below final barrier, payable as 12.57387 shares of the fund or cash at the issuer’s option
|
| Call: | Automatically at par starting Oct. 10, 2022 if the level of the fund is greater than or equal to its initial level and on any subsequent monthly valuation date
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| Initial level: | $79.53
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| Coupon barrier: | $61.238, 77% of initial level
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| Final barrier: | $61.238, 77% of initial level
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| Pricing date: | April 8
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| Settlement date: | April 13
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.15%
|
| Cusip: | 17330DBH8
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