Chicago, March 7 – Citigroup Global Markets Holdings Inc. priced $257,000 of market-linked securities – autocallable with contingent coupon and contingent downside due Nov. 16, 2023 linked to the VanEck Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 17.4% paid quarterly if the ETF closes at or above its 70% coupon barrier on the related valuation date.
The securities will be called automatically at par starting after six months if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date.
If the ETF finishes at or above its 70% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the ETF declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the lead agent and Wells Fargo Securities is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying ETF: | VanEck Oil Services ETF
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| Amount: | $257,000
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| Maturity: | Nov. 16, 2023
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| Coupon: | 17.4% annual rate, paid quarterly if the 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 ETF finishes at or above final barrier par; 1% loss for every 1% that ETF declines if it ends below final barrier
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| Call: | Automatically at par starting after six months if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date
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| Initial level: | $262.42
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| Coupon barrier: | $183.694, 70% of initial level
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| Final barrier: | $183.694, 70% of initial level
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| Pricing date: | May 13, 2022
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| Settlement date: | May 18, 2022
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities
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| Fees: | 1.625%
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| Cusip: | 17330FVC2
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