New York, April 26 – Citigroup Global Markets Holdings Inc. priced $760,000 of callable contingent coupon equity linked securities due June 5, 2024 linked to the common stock of Fifth Third Bancorp, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12% if the stock closes at or above its 65% coupon barrier on the related valuation date.
The securities may be called starting Dec. 1, 2022 and on any subsequent determination date.
The payout at maturity will be par if the stock ends at or above its 65% final barrier. Otherwise investors will lose 1% 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: | Callable contingent coupon equity linked securities
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| Underlying stock: | Fifth Third Bancorp
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| Amount: | $760,000
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| Maturity: | June 5, 2024
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| Coupon: | 12% if the stock closes at or above its 65% coupon barrier on the related valuation date
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| 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: | Starting Dec. 1, 2022 and on any subsequent determination date
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| Initial level: | $39.43
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| Coupon barrier: | $25.63, 65% of initial level
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| Final barrier: | $25.63, 65% of initial level
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| Pricing date: | May 31, 2022
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| Settlement date: | June 3, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.75%
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| Cusip: | 17330DDK9
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