New York, Dec. 15 – Citigroup Global Markets Holdings Inc. priced $1.9 million of callable contingent coupon equity linked securities due June 13, 2024 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.55% per year, paid monthly, if the ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any monthly review date starting March 9, 2023.
The payout at maturity will be par if the ETF ends at or above its 60% final barrier. Otherwise, investors will lose 1% for every 1% that the 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 ETF: | VanEck Vectors Gold Miners ETF
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| Amount: | $1,896,000
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| Maturity: | June 13, 2024
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| Coupon: | 13.55% per year, paid monthly if the 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 ETF finishes at or above final barrier, par; otherwise, 1% loss for every 1% that ETF declines from initial level
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| Call option: | At par on any monthly review date starting March 9, 2023
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| Initial level: | $29.07
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| Coupon barrier: | $20.349, 70% of initial level
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| Final barrier: | $17.442, 60% of initial level
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| Pricing date: | Dec. 9
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| Settlement date: | Dec. 14
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.225%
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| Cusip: | 17330YT75
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