New York, Nov. 6 – Citigroup Global Markets Holdings Inc. priced $509,000 of 0% upturn securities due Nov. 5, 2024 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout will be par plus 200% of the ETF return capped at par plus 82%.
Investors will lose 1% for every 1% that the ETF 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
|
| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $509,000
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| Maturity: | Nov. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its initial value, par plus 200% of ETF return capped at 82%; otherwise exposure to decline of ETF
|
| Leverage: | 200%
|
| Cap: | 82%
|
| Initial level: | $90.00
|
| Call: | Non-callable
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| Pricing date: | Oct. 31, 2022
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| Settlement date: | Nov. 3, 2022
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17330Y5T3
|
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