Chicago, Nov. 27 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% dual directional barrier securities due Oct. 29, 2024 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 200% of the worst performing index return subject to a maximum return of par plus 40%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends above the 70% final barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the final barrier.
The securities are non-callable.
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: | Dual directional barrier securities
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $500,000
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| Maturity: | Oct. 29, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus 200% of worst performing index return subject to a maximum return of par plus 40%; par plus absolute value of worst performing index return if worst performing index declines but ends above final barrier; 1% loss for every 1% that worst performing index declines if it ends below final barrier
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| Call: | Non-callable
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| Initial levels: | 1,704.391 for Russell, 3,665.78 for S&P
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| Final barrier levels: | 1,193.074 for Russell, 2,566.046 for S&P, 70% of initial levels
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| Upside leverage: | 200%
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| Cap: | 40%
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| Pricing date: | Oct. 24, 2022
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| Settlement date: | Oct. 27, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 0.65%
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| Cusip: | 17330YA83
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