Chicago, Oct. 16 – Citigroup Global Markets Holdings Inc. priced $386,000 of 0% dual directional barrier digital plus securities due Oct. 14, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the digital return of 40% and the return of the index.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Dual directional barrier digital plus securities
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| Underlying index: | S&P 500 index
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| Amount: | $386,000
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| Maturity: | Oct. 14, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the digital return of 40% and the return of the index; if the index falls by up to barrier level, par plus the absolute value of the return of the index; otherwise, investors will lose 1% for every 1% decline of the index from its initial level
|
| Initial level: | 3,588.84
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| Barrier level: | 2,512.188; 70% of initial level
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| Pricing date: | Oct. 11, 2022
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| Settlement date: | Oct. 14, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.125%
|
| Cusip: | 17330RXC4
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