Chicago, May 25 – Citigroup Global Markets Holdings Inc. priced $283,000 of 0% market-linked securities – contingent fixed return and contingent downside due Nov. 4, 2024 linked to the worst performing of the Invesco QQQ Trust, Series 1 and the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If each ETF finishes at or above its initial level, investors will receive par plus 26.6%.
If the worst performer declines but finishes above its 85% barrier level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.
Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – contingent fixed return and contingent downside
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| Underlying funds: | Invesco QQQ Trust, Series 1 and the Invesco S&P 500 Equal Weight ETF
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| Amount: | $283,000
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| Maturity: | Nov. 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each ETF finishes at or above its initial level, par plus 26.6%; par if worst performer declines but finishes above barrier level; otherwise, full exposure to decline of worst performer from initial level
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| Initial levels: | $384.22 for Q3 earnings, $158.04 for S&P
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| Barrier levels: | $326.587 for Q3 earnings, $134.334 for S&P; 85% of initial levels
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| Pricing date: | Oct. 28, 2021
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| Settlement date: | Nov. 2, 2021
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| Agent: | Citigroup Global Markets Inc. and Wells Fargo Securities LLC
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| Fees: | 2.675%
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| Cusip: | 17329QZK9
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