New Issue: Citigroup prices $345,000 enhanced barrier digital plus securities linked to Netflix

Chicago, April 27 – Citigroup Global Markets Holdings Inc. priced $345,000 of 0% enhanced barrier digital plus securities due Nov. 30, 2023 linked to the common stock of Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes above its 53% final barrier then the payout at maturity will be par plus the greater of the 10% digital payment and the stock return, capped at par plus 35%. Otherwise, the notes will pay par less 1% for every 1% decline of the stock, payable as 5.22466 shares or cash at the issuer’s option.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying stock:	Netflix, Inc.
Amount:	$345,000
Maturity:	Nov. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above its 53% final barrier, par plus the greater of the 10% digital return and the stock return, capped at par plus 35%; 1% loss for every 1% that stock declines if it finishes below its final barrier, payable as shares or cash at the issuer’s option
Initial level:	$191.40
Upside payment:	10%
Final barrier:	$101.442, 53% of initial level
Equity ratio:	5.22466
Pricing date:	May 26, 2022
Settlement date:	June 1, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	17330DED4

© 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.