By Kiku Steinfeld
Chicago, Dec. 16 – Citigroup Global Markets Holdings Inc. priced $670,000 of 9.7% autocallable equity linked securities due May 24, 2023 linked to the common stock of Ulta Beauty, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Oct. 19, 2022 and on any subsequent monthly valuation date.
The payout at maturity will be par if the stock ends at or above its 73% final barrier. Otherwise investors will lose 1% for every 1% that the stock declines, payable in shares or cash at the option of the issuer.
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 equity linked securities
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| Underlying stock: | Ulta Beauty, Inc.
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| Amount: | $670,000
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| Maturity: | May 24, 2023
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| Coupon: | 9.7%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier, payable in shares or cash at the option of the issuer
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| Call: | Automatically starting Oct. 19, 2022 at par and on any subsequent monthly valuation date if the stock closes at or above its initial level
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| Initial level: | $428.37
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| Final barrier: | $312.710, 73% of initial level
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| Equity ratio: | 2.33443 shares per security
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| Pricing date: | April 19
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| Settlement date: | April 22
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.15%
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| Cusip: | 17330DAN6
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