Chicago, March 7 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity linked securities due May 16, 2025 linked to the common stock of Workday, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25% paid quarterly if the stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting Nov. 14, 2022 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the stock finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss 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.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying stock: | Workday, Inc.
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| Amount: | $500,000
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| Maturity: | May 16, 2025
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| Coupon: | 10.25% annual rate, paid quarterly if the stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons
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| Price: | Par
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| 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
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| Call: | Automatically at par starting Nov. 14, 2022 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date
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| Initial level: | $182.29
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| Coupon barrier: | $109.374, 60% of initial level
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| Final barrier: | $109.374, 60% of initial level
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| Pricing date: | May 13, 2022
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| Settlement date: | May 18, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17330FLP4
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