Chicago, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $475,000 of 0% autocallable enhanced barrier notes due July 25, 2024 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a 12.05% annualized call premium if the index closes at or above its initial level on Aug. 4, 2023.
If the index finishes at or above 70% of its initial level, the payout at maturity will be the greater of par plus the index return and par plus the 24.1% final premium.
Otherwise, investors will lose 1% for every 1% decline from initial level.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable enhanced barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $475,000
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| Maturity: | July 25, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above 70% of its initial level, the greater of par plus 24.1% and par plus the index return; otherwise, lose 1% for every 1% decline from initial level
|
| Call: | Automatically at par plus 12.05% premium if the index closes at or above its initial level on Aug. 4, 2023
|
| Initial level: | 3,961.63
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| Barrier level: | 3,367.386; 85% of initial levels
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| Pricing date: | July 22, 2022
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| Settlement date: | July 27, 2022
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| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
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| Cusip: | 17330PFA2
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