New Issue: Citigroup prices $500,000 0% barrier securities linked to Airbnb, Marriott, Boeing

Chicago, May 1 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due June 11, 2024 linked to the worst performing of the common stocks of Airbnb, Inc., Marriott International, Inc. and Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing stock gains the payout at maturity will be par plus 288% of the worst performing stock return. Investors will receive par if the worst performing stock declines but ends above the 70% barrier and will lose 1% for every 1% that the worst performing stock declines if it finishes below the barrier.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying stocks:	Airbnb, Inc., Marriott International, Inc. and Boeing Co.
Amount:	$500,000
Maturity:	June 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing stock gains, par plus 288% of worst performing stock return; par if worst performing stock declines but finishes above the 70% barrier; otherwise, exposure to decline in worst performing stock
Initial levels:	$122.02 for Airbnb, $177.61 for Marriott, $139.24 for Boeing
Final barriers:	$85.414 for Airbnb, $124.327 for Marriott, $97.468 for Boeing, 70% of initial levels
Upside leverage:	288%
Cap:	None
Call:	Non-callable
Pricing date:	June 6, 2022
Settlement date:	June 9, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17330PBD0

© 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.