By Angela McDaniels
Tacoma, Wash., April 24 – Citigroup Global Markets Holdings Inc. priced $528,000 of 0% market-linked securities – autocallable with fixed percentage buffered downside due June 3, 2026 linked to the U.S. Global Jets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus 12.15% per year if the ETF closes at or above the initial share price on any annual valuation date.
If the notes are not called, the payout at maturity will be par unless the ETF’s final share price is less than 90% of the initial share price, in which case investors will lose 1% for every 1% that the ETF declines beyond 10%.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the lead agent with Wells Fargo Securities, LLC as agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Market-linked securities – autocallable with fixed percentage buffered downside
|
| Underlying ETF: | U.S. Global Jets ETF
|
| Amount: | $528,000
|
| Maturity: | June 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless ETF’s final share price is less than 90% of initial share price, in which case 1% loss for every 1% that ETF declines beyond 10%
|
| Call: | Automatically at par plus 12.15% per year if ETF closes at or above initial share price on any annual valuation date
|
| Initial share price: | $20.48
|
| Buffer level: | $18.432, or 90% of initial share price
|
| Pricing date: | May 31, 2022
|
| Settlement date: | June 3, 2022
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
|
| Fees: | 2.925%
|
| Cusip: | 17330FME8
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
