By Kiku Steinfeld
Chicago, Feb. 27 – Citigroup Global Markets Holdings Inc. priced $1 million of 0% contingent upside participation market-linked notes due Nov. 22, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above its knock-out level, 115% of its initial value, the payout at maturity will be par plus 5.4%.
If the index closes below its knock-out level but above its initial level, the payout will be par plus the index gain.
If the index finishes flat or falls, investors will receive par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Contingent upside participation market-linked notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | Nov. 22, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index closes at or above its knock-out level, par plus 5.4%; if index closes below its knock-out level but above its initial level, the payout will be par plus the index gain; otherwise, investors will receive par
|
| Initial level: | 3,946.56
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| Knock-out return: | 5.4%
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| Knock-out level: | 4,538.544, 115% of initial level
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| Call: | Non-callable
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| Pricing date: | Nov. 17, 2022
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| Settlement date: | Nov. 22, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.9%
|
| Cusip: | 17330YKA7
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