Chicago, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $764,000 of 0% autocallable market-linked securities due July 31, 2029 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Citigroup Inc.
The securities will be automatically called at par plus an early redemption premium of 12% per year if the index closes at or above its premium threshold level on any annual valuation date. The initial premium threshold level is 101% of the initial level and increases 1% each year.
If the securities have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable market-linked securities
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| Underlying index: | Citi Dynamic Asset Selector 5 Excess Return index
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| Amount: | $764,000
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| Maturity: | July 31, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index declines
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| Call: | Par plus 12% per year premium if the index closes at or above premium threshold level on any annual valuation date; initial premium threshold level is 101% of initial level and increases 1% each year
|
| Initial level: | 221.24
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| Pricing date: | July 26, 2022
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| Settlement date: | July 29, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4.1%
|
| Cusip: | 17330PQR3
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