Chicago, Aug. 21 – Citigroup Global Markets Holdings Inc. priced $758,000 of autocallable contingent coupon equity linked securities due Sept. 8, 2023 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.15% paid monthly if the ETF closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically starting Feb. 3, 2023 if the level of the ETF is greater than or equal to its initial level and on any subsequent monthly valuation date.
If the ETF finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the ETF declines, with the payment made in cash or stock at the issuer's option.
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: | Energy Select Sector SPDR Fund
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| Amount: | $758,000
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| Maturity: | Sept. 8, 2023
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| Coupon: | 10.15% annual rate, paid monthly if the ETF closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| 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, payable in cash or stock
|
| Call: | Automatically starting Feb. 3, 2023 if the level of the ETF is greater than or equal to its initial level and on any subsequent monthly valuation date
|
| Initial level: | $74.42
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| Coupon barrier: | $44.652, 60% of initial level
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| Final barrier: | $44.652, 60% of initial level
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| Equity ratio: | 13.43725
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| Pricing date: | Aug. 3, 2022
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| Settlement date: | Aug. 8, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.15%
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| Cusip: | 17330DFA9
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