Chicago, Oct. 28 – Citigroup Global Markets Holdings Inc. priced $565,000 of callable contingent coupon equity-linked securities due March 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8% paid monthly if the index closes at or above its 75% coupon barrier on the related valuation date.
The securities may be called at par starting Aug. 29, 2022 and on any subsequent monthly review date.
At maturity the payout will be par if the index never closes below the 75% knock-in level during the life of the notes or the index ends above its initial level. Otherwise, investors will be fully exposed to the decline of the index.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Callable contingent coupon equity-linked securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $565,000
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| Maturity: | March 31, 2023
|
| Coupon: | 8% annual rate, paid monthly if the index closes at or above its 75% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par if the index never closes below the knock-in level during the life of the notes or the index ends above its initial level, otherwise investors will be fully exposed to the decline in the index
|
| Call: | At par starting Aug. 29, 2022 and on any subsequent monthly review date
|
| Initial level: | 4,373.94
|
| Coupon barrier: | 3,280.455, 75% of initial level
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| Knock-in level: | 3,280.455, 75% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17330AAU6
|
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