New Issue: Citigroup sells $6 million 12.01% equity-linked securities on three stocks

By William Gullotti

Buffalo, N.Y., Feb. 22 – Citigroup Global Markets Holdings Inc. priced $6 million of equity-linked securities due Feb. 21, 2024 tied to the least performing of the shares of FedEx Corp., Meta Platforms, Inc. and General Motors Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 12.01% per year, payable monthly.

If each stock finishes at or above 60% of its initial level, the payout at maturity will be par plus the final fixed coupon. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	FedEx Corp., Meta Platforms, Inc., General Motors Co.
Amount:	$6 million
Maturity:	Feb. 21, 2024
Coupon:	12.01%, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from its initial level
Initial levels:	$228.46 for FedEx, $217.70 for Meta, $48.40 for GM
Barrier levels:	$130.62 for FedEx, $137.076 for Meta, $29.04 for GM; 60% of initial levels
Strike date:	Feb. 14
Pricing date:	Feb. 15
Settlement date:	Feb. 18
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17330A2N1

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