By Kiku Steinfeld
Chicago, Nov. 29 – Citigroup Global Markets Holdings Inc. priced $250,000 of callable contingent coupon equity-linked securities due March 30, 2023 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent quarterly coupon at an annualized rate of 10% if the index closes at or above its coupon barrier level, 80% of its initial level, on every day that period.
The notes will be callable in whole at par plus any coupon due on either of two quarterly call valuation dates after six months.
If the notes are not redeemed early and the index finishes at or above its coupon barrier level, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
Citigroup Global Markets Inc. is the underwriter.
| 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: | $250,000
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| Maturity: | March 30, 2023
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| Contingent coupon: | 10% per year, payable quarterly if the index closes at or above coupon barrier on every day that period
|
| Price: | Par
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| Payout at maturity: | Par if the index finishes at or above coupon barrier; otherwise, full exposure to loss
|
| Call option: | In whole at par plus any coupon due on either of two quarterly call valuation dates after six months
|
| Initial level: | 14,754.31
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| Coupon barrier level: | 11,803.448; 80% of initial level
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| Barrier level: | 11,803.448; 80% of initial level
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| Pricing date: | March 25, 2022
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| Settlement date: | March 30, 2022
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17330AYA4
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