Chicago, Dec. 14 – Citigroup Global Markets Holdings Inc. priced $1 million of callable contingent coupon equity linked securities due April 13, 2023 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.2% if the index closes at or above its 75% coupon barrier on the related quarterly valuation date.
The securities may be called at par starting Oct. 7, 2022 and on any subsequent quarterly determination date.
The payout at maturity will be par if the index ends at or above its 75% final barrier. Otherwise, investors will lose 1% for every 1% that the index declines.
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: | Callable contingent coupon equity linked securities
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Underlying index: | Nasdaq-100 index
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Amount: | $1 million
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Maturity: | April 13, 2023
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Coupon: | 8.2% annual rate, payable quarterly if the index closes at or above its 75% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
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Call: | At par starting Oct. 7, 2022 and on any subsequent quarterly determination date at option of issuer
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Initial level: | 14,531.81
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Coupon barrier: | 10,898.858, 75% of initial level
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Final barrier: | 10,898.858, 75% of initial level
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Pricing date: | April 7
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Settlement date: | April 12
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17330FG54
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