New Issue: Citigroup prices $590,000 0% buffer securities linked to EAFE index

Chicago, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $590,000 of 0% buffer securities due April 25, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 150% of the index return subject to a maximum return of par plus 26.9%. Investors will receive par if the index declines but ends above the 5% buffer and will lose 1% for every 1% that the index declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	MSCI EAFE index
Amount:	$590,000
Maturity:	April 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 150% of index return subject to a maximum return of par plus 26.9%; par if index declines but finishes above the 5% buffer; otherwise, exposure to decline in index beyond buffer
Call:	Non-callable
Initial level:	Lowest closing level from Oct. 21, 2022 to Nov. 21, 2022
Buffer level:	95% of initial level
Upside leverage:	150%
Cap:	26.9%
Buffer:	5%
Pricing date:	Oct. 21, 2022
Settlement date:	Oct. 26, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	0%
Cusip:	17330YAT7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.