By Kiku Steinfeld
Chicago, Feb. 6 – Citigroup Global Markets Holdings Inc. priced $271,000 of callable contingent coupon equity linked securities due Aug. 10, 2023 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.65% paid quarterly if the stock closes at or above its 65% coupon barrier on the related valuation date.
The securities may be called at par on Feb. 7, 2023 and May 8, 2023.
The payout at maturity will be par if the stock ends at or above its 65% final barrier. Otherwise, investors will lose 1% for every 1% that the stock declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Callable contingent coupon equity linked securities
|
| Underlying stock: | Microsoft Corp.
|
| Amount: | $271,000
|
| Maturity: | Aug. 10, 2023
|
| Coupon: | 12.65% annual rate, paid quarterly if the stock closes at or above its 65% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
|
| Call option: | At par on Feb. 7, 2023 and May 8, 2023
|
| Initial level: | $227.87
|
| Coupon barrier: | $148.116, 65% of initial level
|
| Final barrier: | $148.116, 65% of initial level
|
| Pricing date: | Nov. 7, 2022
|
| Settlement date: | Nov. 10, 2022
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 0.75%
|
| Cusip: | 17330YK90
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
