Chicago, Oct. 18 – Citigroup Global Markets Holdings Inc. priced $489,000 of autocallable contingent coupon equity-linked securities due Oct. 22, 2025 linked to the common stock of Lowe’s Cos., Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.75% paid quarterly if the stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons.
The securities will be called automatically at par starting April 17, 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 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock 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 stock: | Lowe’s Cos., Inc.
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| Amount: | $489,000
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| Maturity: | Oct. 22, 2025
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| Coupon: | 10.75% annual rate, paid quarterly if the stock closes at or above its 60% coupon barrier on the related valuation date, plus any previously unpaid coupons
|
| Price: | Par
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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
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| Call: | Automatically at par starting April 17, 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: | $194.09
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| Coupon barrier: | $116.454, 60% of initial level
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| Final barrier: | $116.454, 60% of initial level
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| Pricing date: | Oct. 17, 2022
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| Settlement date: | Oct. 20, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17330RZX6
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