Chicago, Dec. 15 – Citigroup Global Markets Holdings Inc. priced $748,000 of callable contingent coupon equity linked securities due April 11, 2025 linked to the worst performing of the Financial Select Sector SPDR Fund and SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 15.5% paid monthly if the worst performing ETF closes at or above its 60% coupon barrier on the related valuation date.
The securities may be called at par starting Oct. 10, 2022 and on any subsequent monthly review date.
The payout at maturity will be par if the worst performing ETF ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing ETF 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 ETFs: | Financial Select Sector SPDR Fund and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $748,000
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| Maturity: | April 11, 2025
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| Coupon: | 15.5% annual rate, paid monthly if the worst performing ETF closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above final barrier par; 1% loss for every 1% that worst performing ETF declines if it ends below final barrier
|
| Call: | At par starting Oct. 10, 2022 and on any subsequent monthly review date at option of issuer
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| Initial levels: | $37.89 for financial, $139.89 for oil
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| Coupon barrier levels: | $22.734 for financial, $83.934 for oil, 60% of initial levels
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| Final barriers: | $22.734 for financial, $83.934 for oil, 60% of initial levels
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| Pricing date: | April 8
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| Settlement date: | April 13
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.75%
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| Cusip: | 17330FHN4
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