Chicago, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $225,000 of variable coupon market-linked notes due Oct. 28, 2024 linked to the worst performing of the S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Coupons will be paid quarterly.
Investors will receive a coupon at a 4.25% annual rate if each index closes above its initial level on the related valuation date or a coupon at a 2.3% annual rate if any index closes below its initial level on that valuation date.
The payout at maturity will be par and the applicable coupon. The notes are non-callable.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
|
| Issue: | Variable coupon market-linked notes
|
| Underlying indexes: | S&P 500 index and Dow Jones industrial average
|
| Amount: | $225,000
|
| Maturity: | Oct. 28, 2024
|
| Coupon: | 4.25% annual rate if both indexes close above initial levels or 2.3% annual rate if at least one index closes below initial level on quarterly valuation date
|
| Price: | Par
|
| Payout at maturity: | Par plus applicable coupon
|
| Call: | Non-callable
|
| Initial levels: | 3,859.11 for S&P, 31,836.74 for Dow
|
| Pricing date: | Oct. 25, 2022
|
| Settlement date: | Oct. 28, 2022
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.75%
|
| Cusip: | 17330YA75
|
|
|
© 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.
