Chicago, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $400,000 of autocallable contingent coupon equity linked securities due July 30, 2025 linked to the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.7% paid quarterly if the ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par starting Oct. 25, 2022 if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the ETF finishes at or above its 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the ETF declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity linked securities
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| Underlying ETF: | iShares Russell 2000 ETF
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| Amount: | $400,000
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| Maturity: | July 30, 2025
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| Coupon: | 7.7% annual rate, paid quarterly if the ETF closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above final barrier par; 1% loss for every 1% that ETF declines if it ends below final barrier
|
| Call: | Automatically at par starting Oct. 25, 2022 if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date
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| Initial level: | $180.44
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| Coupon barrier: | $126.308, 70% of initial level
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| Final barrier: | $126.308, 70% of initial level
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| Pricing date: | July 25, 2022
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| Settlement date: | July 28, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2%
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| Cusip: | 17330PKK4
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