New Issue: Citigroup prices $500,000 enhanced barrier digital securities linked to S&P

Chicago, Aug. 16 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% enhanced barrier digital securities due Aug. 24, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its 80% final barrier then the payout at maturity will be par plus the 12.55% digital payment. Otherwise, the notes will pay par less 1% for every 1% decline of the index.

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 securities
Underlying index:	S&P 500 index
Amount:	$500,000
Maturity:	Aug. 24, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its 80% final barrier, par plus 12.55% digital return; 1% loss for every 1% that index declines if it finishes below its final barrier
Initial level:	3,936.69
Final barrier:	3,149.352, 80% of initial level
Upside payment:	12.55%
Pricing date:	July 20, 2022
Settlement date:	July 25, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	0.22%
Cusip:	17330PRB7

© 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.