Chicago, Jan. 23 – Citigroup Global Markets Holdings Inc. priced $740,000 of autocallable contingent coupon equity linked securities due Oct. 26, 2023 linked to the VanEck Vectors Gold Miners ETF and VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 10% paid monthly if the worst performing ETF closes at or above its 68% coupon barrier on the related valuation date. Previously unpaid coupons will also be paid.
The securities will be called automatically if the price of the worst performing ETF is greater than or equal to its initial price on any quarterly valuation date.
If the worst performing ETF finishes at or above its 68% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing ETF declines, payable in cash or shares at the issuer’s option.
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: | VanEck Vectors Gold Miners ETF and VanEck Vectors Junior Gold Miners ETF
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| Amount: | $740,000
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| Maturity: | Oct. 26, 2023
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| Coupon: | 10% paid monthly if the worst performing ETF closes at or above its 68% coupon barrier on the related valuation date; previously unpaid coupons will also be paid
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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, payable in cash or shares at issuer’s option
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| Call: | Automatically at par if the price of the worst performing ETF is greater than or equal to its initial price on any quarterly valuation date
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| Initial levels: | $38.09 for Gold, $47.36 for Junior
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| Coupon barrier levels: | $25.901 for Gold, $32.205 for Junior, 68% of initial levels
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| Final barriers: | $25.901 for Gold, $32.205 for Junior, 68% of initial levels
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| Equity ratios: | 26.25361 for Gold, 21.11486 for Junior
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| Pricing date: | April 21, 2022
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| Settlement date: | April 26, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17330DBE5
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