By Kiku Steinfeld
Chicago, Feb. 21 – Citigroup Global Markets Holdings Inc. priced $1.97 million of autocallable contingent coupon equity linked securities due Nov. 18, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9% paid quarterly if the index closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically starting Nov. 14, 2023 at par if the level of the index is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the index finishes at or above its 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the index declines.
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: | Autocallable contingent coupon equity linked securities
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| Underlying index: | S&P 500 index
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| Amount: | $1,971,000
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| Maturity: | Nov. 18, 2027
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| Coupon: | 9% paid quarterly if the index closes at or above its 70% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
|
| Call: | Automatically starting Nov. 14, 2023 at par if the level of the index is greater than or equal to its initial level and on any subsequent quarterly valuation date
|
| Initial level: | 3,957.25
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| Coupon barrier: | 2,770.075, 70% of initial level
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| Final barrier: | 2,770.075, 70% of initial level
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| Pricing date: | Nov. 14, 2022
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| Settlement date: | Nov. 17, 2022
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| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17330YSZ4
|
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