Chicago, Nov. 6 – Citigroup Global Markets Holdings Inc. priced $680,000 of 14.1% autocallable equity-linked securities due Oct. 23, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid monthly.
The securities will be called automatically at par starting April 19, 2023 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly valuation date.
The payout at maturity will be par if the stock ends at or above its 50% final barrier. Otherwise, investors will lose 1% for every 1% that the stock declines, payable as 45.03693 share or cash at the issuer’s election.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Autocallable equity-linked securities
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Underlying stock: | Tesla, Inc.
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Amount: | $680,000
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Maturity: | Oct. 23, 2025
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Coupon: | 14.1% annual rate, paid monthly
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Price: | Par of $10,000
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Payout at maturity: | If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier, payable in shares or cash at issuer’s election
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Call: | Automatically at par starting April 19, 2023 if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly valuation date
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Initial level: | $222.04
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Final barrier: | $111.02, 50% of initial level
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Equity ratio: | 45.03693
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Pricing date: | Oct. 19, 2022
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Settlement date: | Oct. 24, 2022
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2%
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Cusip: | 17330DKR6
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