Chicago, Feb. 27 – Citigroup Global Markets Holdings Inc. priced $75,000 of 0% autocallable contingent barrier notes due May 9, 2024 tied to the iShares Expanded Tech-Software Sector ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If ETF closes at or above its initial level on May 19, 2023 the notes will be called at par plus a premium of 17.2%.
If ETF finishes at or above its initial level, the payout at maturity will be par plus two times the ETF return.
If the ETF declines up to the 80% barrier, investors will receive par. Otherwise, investors will lose 1% for each 1% decline of the ETF from its 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 contingent barrier notes
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| Underlying fund: | iShares Expanded Tech-Software Sector ETF
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| Amount: | $75,000
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| Maturity: | May 9, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above initial level, par plus two times ETF return; if the ETF declines no farther than barrier level, par; otherwise, investors will lose 1% for each 1% decline from initial level
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| Call: | If ETF closes at or above initial level on May 19, 2023 at par plus 17.2% call premium
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| Initial level: | $285.16
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| Barrier level: | $228.128, 80% of initial level
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| Pricing date: | May 6, 2022
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| Settlement date: | May 11, 2022
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 1.5%
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| Cusip: | 17330FU58
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