Chicago, Aug. 29 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity-linked securities due Aug. 22, 2024 linked to the common stock of Enphase Energy, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 19.65% paid monthly if the stock closes at or above its 50% coupon barrier on the related valuation date.
The securities will be called automatically starting Feb. 21, 2023 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the stock finishes at or above its 50% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock 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 stock: | Enphase Energy, Inc.
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| Amount: | $500,000
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| Maturity: | Aug. 22, 2024
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| Coupon: | 19.65% annual rate, paid monthly if the stock closes at or above its 50% coupon barrier on the related valuation date
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| Price: | Par of $10,000
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier, payable in cash or stock
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| Call: | Automatically at par starting Feb. 21, 2023 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date
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| Initial level: | $283.70
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| Coupon barrier: | $141.85, 50% of initial level
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| Final barrier: | $141.85, 50% of initial level
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| Pricing date: | Aug. 19, 2022
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| Settlement date: | Aug. 24, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 17330DHR0
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