Citigroup plans autocallable market-linked securities tied to indexes

Chicago, May 28 – Citigroup Global Markets Holdings Inc. plans to price market-linked securities – autocallable with contingent coupon and contingent downside due May 30, 2023 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup, Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8% to 9% if each index closes at or above the 75% coupon barrier value on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any autocall date from November to February 2023.

The payout at maturity will be par unless any index falls below the 75% final barrier value, in which case investors will be fully exposed to any decline of the worst performing index.

Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.

The notes will price on May 30 and settle on June 4.

The Cusip number is 17326YFB7.

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