Chicago, Aug. 18 – Citigroup Global Markets Holdings Inc. priced $155,000 of autocallable contingent coupon equity-linked securities due Aug. 3, 2027 linked to the worst performing of the Energy Select Sector SPDR Fund and the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 13.3% paid monthly if the worst performing ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par starting after one year if the price of the worst performing ETF is greater than or equal to its initial price and on any subsequent monthly valuation date.
If the worst performing ETF finishes at or above its 80% final buffer the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing ETF declines beyond the 20% buffer.
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: | Energy Select Sector SPDR Fund and VanEck Vectors Oil Services ETF
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Amount: | $155,000
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Maturity: | Aug. 3, 2027
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Coupon: | 13.3% annual rate, paid monthly if the worst performing 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 worst performing ETF finishes at or above final buffer, par; 1% loss for every 1% that worst performing ETF declines beyond 20% buffer
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Call: | Automatically at par starting after one year if the price of the worst performing ETF is greater than or equal to its initial price and on any subsequent monthly valuation date
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Initial levels: | $78.42 for energy, $241.72 for oil
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Coupon barriers: | $54.894 for energy, $169.204 for oil, 70% of initial levels
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Final buffer levels: | $62.736 for energy, $193.376 for oil, 80% of initial levels
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Pricing date: | July 29, 2022
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Settlement date: | Aug. 3, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 3.75%
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Cusip: | 17330PTG4
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