By Kiku Steinfeld
Chicago, Aug. 24 – Citigroup Global Markets Holdings Inc. priced $765,000 of 0% market-linked autocallable securities with contingent downside due Jan. 21, 2025 linked to the U.S. Global Jets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par plus 10.75% per year if the ETF closes at or above initial levels on any semiannual call date after one year.
The payout at maturity will be par the ETF falls by more than 20%, in which case investors lose 1% for every 1% decline from its initial level.
Citigroup Global Markets Inc. and Wells Fargo Advisors are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked autocallable securities with contingent downside
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| Underlying ETF: | U.S. Global Jets ETF
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| Amount: | $765,000
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| Maturity: | Jan. 21, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless the ETF falls by more than 20%, in which case full exposure to decline from initial level
|
| Call: | Automatically at par plus 10.75% per year if the ETF closes at or above initial level on any semiannual call date after one year
|
| Initial level: | $21.83
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| Coupon barrier: | $17.464; 80% of initial level
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| Threshold level: | $17.464; 80% of initial level
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| Pricing date: | Jan. 18, 2022
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| Settlement date: | Jan. 21, 2022
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Advisors
|
| Fees: | 2.525%
|
| Cusip: | 17329UZZ7
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