Chicago, April 25 – Citigroup Global Markets Holdings Inc. priced $332,000 of 0% dual directional barrier securities due Nov. 30, 2023 linked to the worst performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus 128% of the worst performing asset return.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but ends above the 85% final barrier.
Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the final barrier.
The securities are non-callable.
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: | Dual directional barrier securities
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $332,000
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| Maturity: | Nov. 30, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing asset gains par plus 128% of worst performing asset return; par plus absolute value of worst performing asset return if worst performing asset declines but ends above final barrier; 1% loss for every 1% that worst performing asset declines if it ends below final barrier
|
| Upside leverage: | 128%
|
| Cap: | None
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| Initial levels: | 3,677.10 for Stoxx, $68.83 for EAFE ETF
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| Final barriers: | 3,125.535 for Stoxx, $58.506 for EAFE ETF, 85% of initial levels
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| Call: | Non-callable
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| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.1%
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| Cusip: | 17330FM32
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