By Angela McDaniels
Tacoma, Wash., May 30 – Citigroup Global Markets Holdings Inc. priced $220,000 of 0% autocallable contingent barrier notes due Sept. 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level is the lowest closing level of the index on any scheduled trading day during the lookback observation period, which runs from the pricing date to and including Sept. 1, 2022.
The notes will be automatically called at par plus 9.8% if the index closes at or above the initial index level on July 21, 2023.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return. If the final index level is less than the initial index level but greater than or equal to the barrier level, 75% of the initial index level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Autocallable contingent barrier notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $220,000
|
| Maturity: | Sept. 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 150% of index return; if final index level is less than initial index level but greater than or equal to barrier level, par; otherwise, 1% loss for every 1% that final index level is less than initial index level
|
| Call: | Automatically at par plus 9.8% if index closes at or above initial index level on July 21, 2023
|
| Initial index level: | Lowest closing level of index on any scheduled trading day from pricing date to and including Sept. 1, 2022
|
| Barrier level: | 75% of initial level
|
| Pricing date: | July 8, 2022
|
| Settlement date: | July 13, 2022
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.58%
|
| Cusip: | 17330PHA0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
