Chicago, Oct. 3 – Citigroup Global Markets Holdings Inc. priced $606,000 of 7.7% autocallable equity-linked securities due Sept. 29, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The securities will be called automatically starting March 24, 2023 at par if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date.
The payout at maturity will be par if the ETF ends at or above its 70% final barrier. Otherwise, investors will lose 1% 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.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity-linked securities
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| Underlying ETF: | SPDR S&P 500 ETF Trust
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| Amount: | $606,000
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| Maturity: | Sept. 29, 2023
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| Coupon: | 7.7% annual rate, paid monthly
|
| 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
|
| Call: | Automatically starting March 24, 2023 at par if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date
|
| Initial level: | $363.38
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| Final barrier: | $254.366, 70% of initial level
|
| Pricing date: | Sept. 27, 2022
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| Settlement date: | Sept. 30, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1%
|
| Cusip: | 17330KDZ0
|
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