Chicago, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $250,000 of autocallable contingent coupon equity-linked securities due July 29, 2026 linked to the Invesco QQQ Trust, Series 1 and Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.8% paid quarterly if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par starting after six months if the price of the worst performing ETF is greater than or equal to its initial price and on any subsequent quarterly valuation date.
If the worst performing ETF 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 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: | Autocallable contingent coupon equity-linked securities
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| Underlying ETFs: | Invesco QQQ Trust, Series 1 and Financial Select Sector SPDR Fund
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| Amount: | $250,000
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| Maturity: | July 29, 2026
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| Coupon: | 8.8% annual rate, paid quarterly if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date
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| 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
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| Call: | Automatically at par starting after six months if the price of the worst performing ETF is greater than or equal to its initial price and on any subsequent quarterly valuation date
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| Initial levels: | $306.81 for Invesco, $33.00 for financial
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| Coupon barriers: | $214.767 for Invesco, $23.1 for financial, 70% of initial levels
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| Final barriers: | $184.086 for Invesco, $19.8 for financial, 60% of initial levels
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| Pricing date: | July 27, 2022
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| Settlement date: | July 29, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 4.5%
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| Cusip: | 17330PUY3
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