Chicago, Aug. 16 – Citigroup Global Markets Holdings Inc. priced $400,000 of autocallable contingent coupon equity-linked securities due July 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.25% paid quarterly if the index closes at or above its 80% coupon barrier on the related valuation date.
The securities will be called automatically starting after six months if the level of the index is greater than or equal to its initial level on any quarterly valuation date.
If the index finishes at or above its 80% final barrier, the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the index 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: | Autocallable contingent coupon equity-linked securities
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Underlying index: | S&P 500 index
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Amount: | $400,000
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Maturity: | July 23, 2025
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Coupon: | 9.25% annual rate, paid quarterly if the index closes at or above its 80% coupon barrier on the related valuation date
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Price: | Par
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Payout at maturity: | If index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
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Call: | Automatically starting after six months if the level of the index is greater than or equal to its initial level on a quarterly valuation date
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Initial level: | 3,830.85
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Coupon barrier: | 3,064.68, 80% of initial level
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Final barrier: | 3,064.68, 80% of initial level
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Pricing date: | July 18, 2022
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Settlement date: | July 21, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17330PK65
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