Chicago, Jan. 31 – Citigroup Global Markets Holdings Inc. priced $1.02 million of contingent income autocallable securities due May 2, 2025 linked to the common stock of Walmart Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.75%, paid quarterly, if the underlying stock closes at or above its 80% downside threshold on the related quarterly observation date.
The securities will be called automatically if the price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date starting after six months.
At maturity the payout will be par unless the stock closes below its 80% downside threshold level in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is the structuring agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Walmart Inc.
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| Amount: | $1,018,000
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| Maturity: | May 2, 2025
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| Coupon: | 7.75% annual rate, paid quarterly, if the underlying stock closes at or above its 80% downside threshold on the related quarterly observation date
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| Price: | Par of $10.00
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date starting after six months
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| Initial level: | $152.99
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| Downside threshold: | $122.392, 80% of initial level
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | Citigroup Global Markets Inc. and Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 17330M163
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