Chicago, Feb. 8 – Citigroup Global Markets Holdings Inc. priced $985,000 of autocallable contingent coupon equity-linked securities due May 2, 2024 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.1% paid quarterly if the ETF closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically at par starting July 29, 2022 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 60% 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 agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable contingent coupon equity-linked securities
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| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $985,000
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| Maturity: | May 2, 2024
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| Coupon: | 12.1% annual rate, paid quarterly if the ETF closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| 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
|
| Call: | Automatically at par starting July 29, 2022 if the level of the ETF is greater than or equal to its initial level and on any subsequent quarterly valuation date
|
| Initial level: | $131.81
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| Coupon barrier: | $79.086, 60% of initial level
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| Final barrier: | $79.086, 60% of initial level
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| Pricing date: | April 29, 2022
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| Settlement date: | May 6, 2022
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.75%
|
| Cusip: | 17330FDE8
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