New Issue: Citigroup prices $20,000 buffered notes linked to SPDR ETF

Chicago, March 7 – Citigroup Global Markets Holdings Inc. priced $20,000 of 0% buffered notes due Nov. 17, 2022 tied to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the fund return is positive, the payout at maturity will be par plus double the gain, up to a maximum payout of par plus 16.86%.

If the fund finishes flat or falls by up to 20%, investors will receive par. Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered notes
Underlying ETF:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$20,000
Maturity:	Nov. 17, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus two times the gain, up to a maximum payout of par plus 16.86%; if fund finishes flat or falls by up to 20%, par; otherwise, 1.25% loss for every 1% decline beyond 20%
Initial fund level:	$133.63
Buffer level:	$106.904; 80% of initial level
Pricing date:	May 13, 2022
Settlement date:	May 18, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.5%
Cusip:	17330FKW0

© 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.