By Kiku Steinfeld
Chicago, Nov. 23 – Citigroup Global Markets Holdings Inc. priced $1.34 million of callable contingent coupon equity linked securities due March 28, 2024 linked to the common stock of FedEx Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.5% paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par starting Sept. 23, 2022 and on any subsequent quarterly review date.
The payout at maturity will be par if the stock ends at or above its 70% final barrier. Otherwise investors will lose 1% for every 1% that the stock declines, payable in 4.51528 or cash at the option of the issuer.
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: | Callable contingent coupon equity linked securities
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| Underlying stock: | FedEx Corp.
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| Amount: | $1,337,000
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| Maturity: | March 28, 2024
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| Coupon: | 12.5% paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date
|
| 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, 4.51528 shares or cash at the option of the issuer
|
| Call: | At par starting Sept. 23, 2022 and on any subsequent quarterly review date
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| Initial level: | $221.47
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| Coupon barrier: | $155.029, 70% of initial level
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| Final barrier: | $155.029, 70% of initial level
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| Pricing date: | March 23
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| Settlement date: | March 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 17328N4D7
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