By Angela McDaniels
Tacoma, Wash., July 10 – Citigroup Global Markets Holdings Inc. priced $700,000 of 0% autocallable contingent barrier notes due Oct. 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level is the lowest closing level of the index on any trading day during the lookback observation period, which is from and including July 27, 2022 to an including Sept. 21, 2022.
If the index closes at or above the initial index level on Sept. 28, 2023, the notes will be automatically called at par plus 11.75%.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, 75% of the initial level, the payout will be par.
If the final index level is less than the barrier level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $700,000
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| Maturity: | Oct. 3, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus 150% of index return; if final index level is less than or equal to initial index level but greater than or equal to barrier level, par; if final index level is less than barrier level, 1% loss for every 1% that final index level is less than initial index level
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| Call: | Automatically at par plus 11.75% if index closes at or above initial index level on Sept. 28, 2023
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| Initial level: | Lowest closing level of index on any trading day during lookback observation period, which is from and including July 27, 2022 to an including Sept. 21, 2022
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| Barrier level: | 75% of initial level
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| Strike date: | July 27, 2022
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| Pricing date: | July 28, 2022
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| Settlement date: | Aug. 2, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.58%
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| Cusip: | 17330PXH7
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